The simple interest on a certain sum of money is Rs. 2275 at 13% per annum in 5 years. Find the sum of money.

Correct option is B

Given:
Simple Interest (SI) = Rs. 2275, Rate = 13%, Time = 5 years.
Formula Used:
Simple Interest = $$\frac {P \times R \times T} { 100}$$​​
Solution:
2275 = $$\frac{P * 13 * 5}{100}$$​​
P = $$\frac{2275 \times 100} {13 \times 5} = Rs. 3500.$$​​