A sum fetched a total simple interest of rs 4016.25 at the rate of

A sum fetched a total simple interest of rs 4016.25 at the rate of

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).Rs. 4462.50

B).Rs. 8032.50

C).Rs. 8900

D).Rs. 8925

Answer: D).Rs. 8925

Solution: By the formula of Simple interest, we know,

S.I. = (Principal x Rate x Time)/100

Principal = (S.I. x 100)/(Rate x Time)

P = (100×4016.25)/9 x 5

P = Rs. 8925. 

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