Discussion
A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9% p.a. in 5 years. What is the sum?
Answer: D
\[ \text{SI} = \frac{P \times R \times T}{100} \]
\[ 4016.25 = \frac{P \times 9 \times 5}{100} = 0.45P \]
\[ P = \frac{4016.25}{0.45} = \text{Rs. } 8925 \]
Five years at 9% comes to 45% of the sum, so the principal is a little over twice the interest.
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