Discussion Forum



1)

A sum fetched a total simple interest of Rs. 5025 at the rate of 10 p.c.p.a. in 7 years. What is the sum ?


A) 7100

B) 7178.57

C) 7180.50

D) 8025

E) 9000

Answer:

Option B

Explanation:

Principal Rs $=\frac{(100\times 5025)}{(7\times 6)}$

$=\frac{502500}{70}$

= Rs. 7178.57