A sum fetched a total simple interest of Rs. 5535 at the rate of 9 p.c.p.a. in 30 years. What is

M4maths Previous Puzzles

28 Apr 2020 Simple Interest

A sum fetched a total simple interest of Rs. 5535 at the rate of 9 p.c.p.a. in 30 years. What is the sum?

OPtion

1) 1290.74
2) 1390.74
3) 1490.74
4) 2050.00
5) 2020.00
6) 2040.00
7) 2030.00
8) 2060.00
9) 2090.00
10) None of these

Solution

SI = PRT/100
5535 * 100/(9*30) = P
P =2050

Correct Option: 4 Best Solution (0)