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?
A. Rs. 4462.50
B. Rs. 8032.50
C. Rs. 8900
D. Rs. 8925
E. None of these
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & {\text{Principal}} \cr & = Rs.\,\left( {\frac{{100 \times 4016.25}}{{9 \times 5}}} \right) \cr & = Rs.\,\left( {\frac{{401625}}{{45}}} \right) \cr & = Rs.\,8925 \cr} $$This Question Belongs to Arithmetic Ability >> Interest
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according to the formula, it should be 45 +100 in the denominator as it is 9% ?? please make it clear