There was a simple interest of Rs. 4016.25 on a principal amount at the rate of 9% p.a. in 5 years. Find the principal amount.  Choose the correct choice from the following.
A) Rs 7925	B) Rs 8925	C) Rs 7926	D) Rs 7925	E) None of these
P=S.I.*100 /R*T   So, by putting values from the question we can get the answer   P=4016.25*100/9*5=8925   Option Rs 8925
<result>B</result>
There was a simple interest of Rs. 4016.25 on a principal amount at the rate of 9% p.a. in 5 years. Find the principal amount.