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:
64 comments Page 6 of 7.

Lahari said:   1 decade ago
How to represent the time? For eg: If 2 years and 8 months like that given.

Mohd dil said:   1 decade ago
Please tell me detail.

Shridhar said:   1 decade ago
2/3 years.

For 12 months 1 year.
For 8 months?

8/12.

Karthika said:   1 decade ago
I can not understand this problem.

Swapna said:   1 decade ago
Simple interest = P*T*R/100,

P = 100*S.I/T*R,

= 100*4016.25/5*9 = 8925.

Principal means sum here.

Ganesh said:   1 decade ago
Then what is the difference between P. C. P. A and P. A since we use the same formula so we get the same answer?

Swapnil said:   1 decade ago
It is very easy.

Take 9 * 5 = 45.

45% = 4016.25.

100%= ?

By cross multiplication we get the answer is 8925.

Manju said:   1 decade ago
If you go through the important formulas you will definitely find formulas to find each value differently.

Here sum relates to the principle so the formula for principle is P=100 * SI / R * N.

SUBSTITUTE the values in it, you will get the solution, that's it.

Muthumani said:   1 decade ago
P=100 * SI / R * N.

Where, P - amount. R - rate. I - interest. N - year.

Kenchappa said:   10 years ago
Please, anybody tell me, How to divide this one 401625/45?


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