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A sum fetched a total simple interest of...

A sum fetched a total simple interest of Rs. 4450 at the rate of 10% p.a. in 5 years. What is the sum?

A

Rs. 4462

B

Rs. 8032

C

Rs. 8900

D

Rs. 8925

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AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the principal amount (sum) using the formula for simple interest. The formula for simple interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] Where: - \( SI \) = Simple Interest - \( P \) = Principal amount (the sum we want to find) - \( R \) = Rate of interest per annum - \( T \) = Time in years ### Step-by-Step Solution: 1. **Identify the given values:** - Total Simple Interest (SI) = Rs. 4450 - Rate of Interest (R) = 10% per annum - Time (T) = 5 years 2. **Substitute the known values into the formula:** \[ 4450 = \frac{P \times 10 \times 5}{100} \] 3. **Simplify the equation:** - First, calculate \( 10 \times 5 = 50 \): \[ 4450 = \frac{P \times 50}{100} \] - Now simplify \( \frac{50}{100} = 0.5 \): \[ 4450 = P \times 0.5 \] 4. **Solve for \( P \):** - To isolate \( P \), divide both sides by 0.5: \[ P = \frac{4450}{0.5} \] - Calculating the right side: \[ P = 4450 \times 2 = 8900 \] 5. **Conclusion:** The principal amount (sum) is Rs. 8900. ### Final Answer: The sum is Rs. 8900. ---
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