Quantitative Aptitude :: Simple Interest - Discussion
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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?
ARs. 4462.50
BRs. 8032.50
CRs. 8900
DRs. 8925
ENone of these
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Solution= I =(P*R*T)/100 => 4016.25= (P*9*5)/100
(4016.25/45)* 100 = P
P= 8925 RS
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STEP-BY-STEP
Solution= I =(P*R*T)/100 => 4016.25= (P*9*5)/100
(4016.25/45)* 100 = P
P= 8925 RS
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STEP-BY-STEP
SI=PTR/100
Given SI=4016.25
T=5yrs
R=9%
So 4016.25=P*5*9/100
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