Aptitude - Simple Interest - Discussion

Discussion Forum : Simple Interest - General Questions (Q.No. 3)

Simple Interest

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 7 of 7.

Dipak said: 1 decade ago

Which formula to use?

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