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?
Principal = Rs.$ \left(\dfrac{100 \times 4016.25}{9 \times 5} \right) $
= Rs.$ \left(\dfrac{401625}{45} \right) $
= Rs. 8925.
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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? |
Answer |