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Simple interest on a sum for 12 months at the rate of 25% per annum is Rs. 935. What is the value (in Rs.) of sum?
  • a)
    3740
  • b)
    3200
  • c)
    4410
  • d)
    4720
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Simple interest on a sum for 12 months at the rate of 25% per annum is...
As, 12 months = 1 year
Let principle be Rs. P
Simple interest = (Principle × rate × time)/100 = (P × 25 × 1)/100 = P/4
⇒ 935 = P/4
∴ P = 3740 
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Most Upvoted Answer
Simple interest on a sum for 12 months at the rate of 25% per annum is...
Given data:
- Rate of interest = 25% per annum
- Time period = 12 months
- Simple interest = Rs. 935

Calculation:
- Let the principal amount be Rs. x
- Simple Interest = (Principal * Rate * Time) / 100
- 935 = (x * 25 * 12) / 100
- 935 = 3x
- x = 935 / 3
- x = 311.67

Value of sum:
- The value of the sum is Rs. 311.67, which is approximately equal to Rs. 3740.
Therefore, the correct answer is option A) 3740.
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Simple interest on a sum for 12 months at the rate of 25% per annum is Rs. 935. What is the value (in Rs.) of sum?a)3740b)3200c)4410d)4720Correct answer is option 'A'. Can you explain this answer?
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