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? Options: A . &nbspRs. 4462.50 B . &nbspRs. 8032.50 C . &nbspRs. 8900 D . &nbspRs. 8925 E . &nbspNone of these

A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. i

Question

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

Principal = Rs. \(\left(\frac{100\times4016.25}{9\times5}\right)\)

= Rs. \(\left(\frac{401625}{45}\right)\)

= Rs. 8925.

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