Aptitude - Simple Interest - Discussion

Discussion Forum : Simple Interest - General Questions (Q.No. 3)
3.
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?
Rs. 4462.50
Rs. 8032.50
Rs. 8900
Rs. 8925
None of these
Answer: Option
Explanation:
Principal
= Rs. 100 x 4016.25
9 x 5
= Rs. 401625
45
= Rs. 8925.
Discussion:
61 comments Page 3 of 7.

Shahi Fazal said:   8 years ago
Total S.I-Rs4016.25.
Rate-9%
Time-5yrs
S.I.=[P*R*T/100]
So,
P=[S.I.*100/R*T]
P=[4016.25*100/9*5]
=8925 Ans.

Vinaya said:   8 years ago
Hi friends! I am Vinaya.

Here we have to find d sum(p).
So formula we know is S.I=P*R*T/100;.
SO, p=S.I*100/R*T--->given S.I=4016.25 we can write it as 401625/100...R=9,T=5.
Substitute the values ...P=401625*100/100*9*5..

After calculation, we get 8925.

Faustina paradise said:   8 years ago
We can also use the formula.

Simple interest =principal *rate *time all over 100.
4016.25=p*9*5/100,
4016.25=45p/100,
Then cross multiply;
45p=401625,
divid both side by 45.
p=8925.
There the sum = 8925.

Sunita balami said:   6 years ago
S.I = PTR/100.

Kalyan said:   7 years ago
Simple interest = 4016.25.
Rate = 9%.
Time=5 year's.

Sum = si * 100/r.
Sum=4016.25 * 100/9 * 5,
= 401625 ÷ 45.
Sum = 8925 answer.

Arun said:   7 years ago
Here, p.c.p.a Indicates the rate for compound interest.

Nimazz said:   7 years ago
How 401625/45? Please explain in detail.

Anomie said:   6 years ago
P.C.P.A. Stands for Percent "Compounded" Per Annum. Then why simple interest is given in the question?

Mit said:   6 years ago
Is it asking for principal or principal+ interest. Please tell me.

Basil said:   6 years ago
P.C.P.A is percent compound per annum. Why is it using simple interest formula?


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