A sum fetched total simple interest of 4016.25 at the rate of 12 p.c.p.a. in 5 years. What is the sum?  Pick.
A) 6693.75  B) 8032.5  C) 4462.5  D) 8900  E) None of these
Let the sums be P.   Now, 60% of P = 4016.25   or, P = 6693.75   6693.75nswer 6693.75
<result>A</result>
A sum fetched total simple interest of 4016.25 at the rate of 12 p.c.p.a. in 5 years. What is the sum?