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:
61 comments Page 5 of 7.
Shridhar said:
1 decade ago
2/3 years.
For 12 months 1 year.
For 8 months?
8/12.
For 12 months 1 year.
For 8 months?
8/12.
Mohd dil said:
1 decade ago
Please tell me detail.
Lahari said:
1 decade ago
How to represent the time? For eg: If 2 years and 8 months like that given.
Thies said:
1 decade ago
What about the interest on interest?
Chinna said:
1 decade ago
It is very simple.
Just multiply rate of interest and time.
i.e, 9x5 = 45%.
Here 45% = 4016.25 then.
100% = ?
Hence 100% = 401625/45 = 8925.
Thank you.
Just multiply rate of interest and time.
i.e, 9x5 = 45%.
Here 45% = 4016.25 then.
100% = ?
Hence 100% = 401625/45 = 8925.
Thank you.
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.
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.
Vipin Mishra said:
1 decade ago
First take a LCM of 401625 Then you can calculation easily.
Fortune said:
1 decade ago
Hey I am not able to divide 401625/45 it is easy with calculate but manually I'm not able please help me and make it easy for me step by step.
Kruba karan said:
1 decade ago
What is another way to solve this problem?
Mudassir pasha said:
1 decade ago
We can solve this problem logically also without using SI formula.
Here the the total interest amt given for 5 years is 4016.25.
Therefore for the total interest for 1 year is 4016.25/5 = 803.25.
Therefore 803.25 is the 9% of the total sum.
If we calculate the 100% of the 803.25 we will get the the total amt.
To calculate 100%, multiple 803.25 by 100 and divide it by 9.
803.25*100/9 = 8925.
Here the the total interest amt given for 5 years is 4016.25.
Therefore for the total interest for 1 year is 4016.25/5 = 803.25.
Therefore 803.25 is the 9% of the total sum.
If we calculate the 100% of the 803.25 we will get the the total amt.
To calculate 100%, multiple 803.25 by 100 and divide it by 9.
803.25*100/9 = 8925.
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