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?
papay dey Answered question February 15, 2025
Simple Interest Calculation
Simple interest formula:
Interest = (P × R × Time) / 100
Given values:
Interest = Rs. 4016.25
R = 9% per annum
Time = 5 years
Rearrange the formula to solve for P:
P = (Interest × 100) / (R × Time)
P = (4016.25 × 100) / (9 × 5)
= 401625 / 45
= 8925
The sum is Rs. 8925.
papay dey Answered question February 15, 2025
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