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Arithmetic Aptitude :: Simple Interest

2. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?

Answer: Option D

Explanation :

Solution=  I =(P*R*T)/100  =>  4016.25= (P*9*5)/100



(4016.25/45)* 100 = P



P= 8925 RS

Asked In :: IBM

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