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- A sum fetched a total simple interest of 4016.
Question 1:
A sum fetched a total simple interest of 4016.25 at the rate of 9 %.p.a.in 5 years. What is the sum?
A. 4462.50
B. 8032.50
C. 8925
Feedback Principal = (100 x 4016.25)/(9 x 5) = 401625/45 = 8925.
D. None of these
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