a sum fetched a total simple interest of $4016.25 at the rate of 9% per annum in 5 years what will be the sum .
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a sum fetched a total simple interest of $4016.25 at the rate of 9% per annum in 5 years what will be the sum .
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$8925 will be the sum
Step-by-step explanation:
GIVEN
Simple Interest = $4016.25
Rate = 9%
Time = 5 years
___________________________
TO FIND
What will be the sum
___________________________
We know that,
Simple Interest = ( Principal × Rate × Time ) / 100
Here,
Principal = x
Rate = 9%
Time = 5 years
Simple Interest = 4016.25
4016.25 = ( Principal × 9 × 5 ) / 100
Principal = ( 4016.25 × 100 ) / ( 9 × 5 )
x = 401625 / 45
x = 8925
x = $8925
Principal = $8925
$8925 will be the sum
Verified answer
Answer:
principle = 8925
Step-by-step explanation:
P = SI × 100 / 9 × 5
= 4016.25*100 / 9*5
= 4016.25*100 / 45
= 8925