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A sum fetched a total simple interest of Rs. 4500 at the rate of 9% per annum in 5 years. What was the sum?
Question

A sum fetched a total simple interest of Rs. 4500 at the rate of 9% per annum in 5 years. What was the sum?

A.

Rs.10,000

B.

Rs.8,900

C.

Rs.9,000

D.

Rs.9,500

Correct option is A

Given:

The simple interest = Rs. 4500

Rate = 9% per annum

Time =5 years.

Formula Used:

SI = P×R×T100\frac{P \times R \times T}{100}​​

Solution:

To find the principal (P):

P =SI×100R×T \frac{SI \times 100}{R \times T} 

45%=4500

So, 100% =450045×100\frac{4500}{45}\times100 =10000​

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