Question

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?

• A. $₹$. 4462.50
• B. $₹$ 8032.50
• C. $₹$ 8900
• D. $₹$ 8925

Answer 1

The correct option is D

$₹$ 8925

By the formula of Simple interest, we know,

$S.I.=\frac{(PrincipalxRatexTime)}{100}$

$$\begin{gathered} Principal=\frac{(S.I.x100)}{(RatexTime)} \\ P=\frac{(100\times 4016.25)}{9x5} \\ P=Rs.8925. \end{gathered}$$

Thus the principal value is $₹8925$.

Hence, option D is correct.