Question

Find the principal amount if the simple interest on the sum is Rs. 4016.25 at the rate of $9\%$ per annum for
(a) 5 years
(b) 2 years
(c) 3 years

• A. Rs. 14875
• B. Rs. 8925
• C. Rs. 15765
• D. Rs. 22312.5

Answer 1

Answer: (A), (B), (D)

The correct options are
A Rs. 14875
B Rs. 8925
D Rs. 22312.5

(a)
Principal, P = x
Rate, R = 9%
Time, T = 5 years
Simple interest $=\frac{P\times R\times t}{100}4016.25=\frac{x\times 9\times 5}{100}\frac{401625}{45}=xx=Rs.8925$

b) R = 9% T = 2 years P = x
$SI=\frac{P\times R\times T}{100}4016.25=\frac{x\times 9\times 2}{100}\frac{401625}{18}=xx=Rs.22312.5$

c) R = 9% T = 3 years P = x
$4016.25=\frac{x\times 9\times 3}{100}\frac{401625}{27}=xx=Rs.14875$