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 4 of 7.

Kalian jee said:   8 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.

Bhavna said:   1 decade ago
@Fortune.

We know that P = S.I*100/R*T.

Given S.I = 4016.25, R = 9, T = 5.

Substitute these values in above formula,

Then,

P = 4016.25*100/9*5.

P = 4016.25*20/9 (Cancel 100 with 5).

P = 80325/9.

By simplifying this we get.

P = Rs.8925.

Hope it is understandable.

Prabu said:   1 decade ago
Why you take *100?

Devi said:   1 decade ago
S I = P*R*T /100

P = (100 x S.I)/(R x T)

Rsd said:   1 decade ago
too simple

Munjal said:   1 decade ago
What is P.C.P.A.?

Jyothi said:   1 decade ago
P.C.P.A. stands for Percent Compounded Per Annum.

Machender said:   1 decade ago
@Jyothi absolutely right.

Atharva said:   1 decade ago
I=P*N*R/100
4016.25=P*5*9
4016.25=P*45
P=4016.25/45
P=89.25*100
P=8925

Bhaskar said:   1 decade ago
Why 9 is in denominator, The formula is P.R.T/100 and here the Rate and Time is in numerator ?


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