Simple Interest Q7

7.	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

Explanation:

Principal	= Rs. 100 x 4016.25 9 x 5
	= Rs. 401625 45
	= Rs. 8925.