Author Topic: A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a.  (Read 359 times)

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Question:  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?

Options are:

A.     Rs. 4462.50
B.     Rs. 8032.50
C.     Rs. 8900
D.     Rs. 8925
E.     None of these

Correct answer is:

D.     Rs. 8925