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Q.
A sum at simple interest at 13 1/2% per annum amounts to Rs. 2502.50 after 4 years. Find the sum
A.
Rs.1625
B.
Rs1525
C.
Rs.1425
D.
Rs.1325
View Answer
Correct choice: A
Explanation:
Let sum be Rs.x then, S.I. =Rs. [ x * (27/2) * 4 * (1/100) ] = Rs. 27x/50 Amount =Rs [ x + (27x/50)] = Rs.77x/50 => 77X/50 = 2502.50 =>X= (2502.50 * 50)/77 = 1625 Hence Sum = Rs.1625
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