There was simple interest of Rs. 4016.25 on a principal amount at the rate of 9%p.a. in 5 years. Find the principal amount
A). 8925 Rs.
B). 8900 Rs.
C). 8880 Rs.
D). 8850 Rs.
8925 Rs.
P=(S.I.∗100)/(R∗T)
So, by putting values from our question we can get the answer
P=(4016.25∗100)/(9∗5)=8925
3. The simple interest on a sum of a money at 8% per annum for 6 years is half the sum is:
6. In how many years Rs 150 will produce the same interest at 8% as Rs. 800 produce in 3 years at 9/2%
7. What will be the simple interest on an amount of Rs. 2000 in 3 years at interest 4% per annum?