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An amount invested fetched a total simple interest of Rs. 4,050 at the rate of 9% per annum in 5 years. What is the amount invested (in Rs. )?
Question

An amount invested fetched a total simple interest of Rs. 4,050 at the rate of 9% per annum in 5 years. What is the amount invested (in Rs. )?

A.

9,000

B.

8,300

C.

7,500

D.

9,050

Correct option is A

Given:
Interest = Rs4050
Rate of interest = 9%p.a.
Time = 5yrs
Formula Used:
Simple interest =  (P×R×T)100\frac{(P \times R\times T)}{100}​​
Solution:
 4050=(P×9×5)(100) P=Rs90004050=\frac{ (P \times 9 \times 5)}{(100 )} \\\ \\P=Rs9000​​

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