Multiple choice

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

  1. Rs. $4462.50$
  2. Rs. $8032.50$
  3. Rs. $8900$
  4. Rs. $8925$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Simple Interest = (P * R * T) / 100. 4016.25 = (P * 9 * 5) / 100. 4016.25 = 0.45 * P. P = 4016.25 / 0.45 = 8925.

AI explanation

Using the formula Principal = (100 * Simple Interest) / (Rate * Time), we substitute the given values to find the sum. The calculation is (100 * 4016.25) / (9 * 5), which equals 401625 / 45. Dividing 401625 by 45 gives 8925. The result is Rs. 8925.

Keep practicing — related questions