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Discussion :: Simple Interest

  1. 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?

    2. A.

    Rs. 4462.50
    B.

    Rs. 8032.50
    C.

    Rs. 8900
    D.

    Rs. 8925
    E.

    None of these

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    Answer : Option A

    Explanation :

    Principal
    = Rs. \([\frac { 100*4016.25 } { 9*5 } ]\)    
     
     
    = Rs.     \([ \frac { 401625 } {45 } ]\)
     
      = Rs. 8925.

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