3. 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 E. None of these

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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3. 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
В.
Rs. 8032.50
C. Rs. 8900
D.
Rs. 8925
E. None of these
Transcribed Image Text:3. 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 В. Rs. 8032.50 C. Rs. 8900 D. Rs. 8925 E. None of these
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