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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

Answer: d
Explanation:
$$\eqalign{ & {\text{Principal}} = Rs.\,\left( {\frac{{100 \times 4016.25}}{{9 \times 5}}} \right) \cr & = Rs.\,\left( {\frac{{401625}}{{45}}} \right) \cr & = Rs.\,8925 \cr} $$

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