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A sum at simple interest at 1312 % per annum amounts to Rs. 2502.50 after 4 years. Find the sum

Correct Answer: Rs.1625

Explanation:


 Let sum be Rs.x then, S.I. =Rs. [ x * (27/2) * 4 * (1/100) ] = Rs. 27x/50 


 


Amount =Rs [ x + (27x/50)] = Rs.77x/50 


 


=> 77X/50 = 2502.50  


 


=>X= (2502.50 * 50)/77 = 1625 


 


Hence Sum = Rs.1625


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