Question

A sum fetched a total simple interest of rs. 4016.25 at the rate of 9 % p.A. In 5 years. What is the sum?

Answer 1

let the sum be x.

rate = 9 p.a

time = 5 years

S.i.=Rs. 4016.25

therefore, x*9*5/100=4016.25

x*9*5=401625

therefore x=401625/5*9

                   =Rs.8925