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A sum fetched a total simple interest of...

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

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AI Generated Solution

The correct Answer is:
To find the sum (or principal) that fetched a total simple interest of Rs. 4016.25 at the rate of 9% per annum over 5 years, we can use the formula for calculating simple interest: ### Step-by-Step Solution: 1. **Identify the given values:** - Total Simple Interest (I) = Rs. 4016.25 - Rate of Interest (R) = 9% per annum - Time (T) = 5 years 2. **Use the formula for Simple Interest:** The formula for calculating the principal (P) using simple interest is: \[ P = \frac{I \times 100}{R \times T} \] 3. **Substitute the known values into the formula:** \[ P = \frac{4016.25 \times 100}{9 \times 5} \] 4. **Calculate the denominator:** \[ 9 \times 5 = 45 \] 5. **Now substitute the denominator back into the equation:** \[ P = \frac{4016.25 \times 100}{45} \] 6. **Calculate \(4016.25 \times 100\):** \[ 4016.25 \times 100 = 401625 \] 7. **Now divide by 45:** \[ P = \frac{401625}{45} \] 8. **Perform the division:** \[ P = 8925 \] 9. **Conclusion:** The sum (or principal) is Rs. 8925. ### Final Answer: The sum is Rs. 8925. ---
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