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?
Answer: Option
Explanation:
| Principal |
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| = Rs. 8925. |
Discussion:
62 comments Page 3 of 7.
Shreekant said:
8 years ago
Why 100 is multiplied?
Lakshmi said:
8 years ago
I understand your concept thanks @Bhavna.
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.
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:
7 years ago
P.C.P.A. Stands for Percent "Compounded" Per Annum. Then why simple interest is given in the question?
Mit said:
7 years ago
Is it asking for principal or principal+ interest. Please tell me.
Basil said:
7 years ago
P.C.P.A is percent compound per annum. Why is it using simple interest formula?
Thiru said:
9 years ago
Here, S.i = p * n * r/100.
Ans = 401625= P * 5 * 9/100
Next step 401625 * 100/5 * 9 = p then 40162500/45 => Ans = 8925.
Ans = 401625= P * 5 * 9/100
Next step 401625 * 100/5 * 9 = p then 40162500/45 => Ans = 8925.
Niharika said:
5 years ago
@Basil.
It is given in the question that it is simple interest. So SI formula is applied here. PCPA stands here for per cent per annum.
It is given in the question that it is simple interest. So SI formula is applied here. PCPA stands here for per cent per annum.
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