Question

a sum fetched a total simple interest of $4016.25 at the rate of 9% per annum in 5 years what will be the sum .

Answer 1

Answer:

principle = 8925

Step-by-step explanation:

P = SI × 100 / 9 × 5

= 4016.25*100 / 9*5

= 4016.25*100 / 45

= 8925

Answer 2

$8925 will be the sum

Step-by-step explanation:

GIVEN

Simple Interest = $4016.25

Rate = 9%

Time = 5 years

___________________________

TO FIND

What will be the sum

___________________________

We know that,

Simple Interest = ( Principal × Rate × Time ) / 100

Here,

Principal = x

Rate = 9%

Time = 5 years

Simple Interest = 4016.25

4016.25 = ( Principal × 9 × 5 ) / 100

Principal = ( 4016.25 × 100 ) / ( 9 × 5 )

x = 401625 / 45

x = 8925

x = $8925

Principal = $8925

$8925 will be the sum