Question
A sum at simple interests at 13 ½ % per annum amounts to Rs.2502.50 after 4 years find the sum.
A sum at simple interests at 13 ½ % per annum amounts to Rs.2502.50 after 4 years find the sum.
Answer: Option C
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Let sum be Rs. x then , S.I.=Rs.(x*(27/2) *4*(1/100) ) = Rs.27x/50
amount = (Rs. x+(27x/50)) = Rs.77x/50
77x/50 = 2502.50
x = (2502.50 * 50)/77 = 1625
Hence , sum = Rs.1625.
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