Q.If the annual simple interest on a principal is \(\cfrac{1}{9}\) of it, then what will be the accumulated amount in 4 years if the total sum becomes 1326 rupees? (a) ₹ 1080 (b) ₹ 1120 (c) ₹ 918 (d) ₹ 750
Answer: C
Let’s assume the principal amount \((p)=x\) rupees
Total interest for 4 years = \(x \times \cfrac{1}{9} \times 4\) rupees
= \(\cfrac{4x}{9}\) rupees
\(\therefore x+\cfrac{4x}{9}=1326\)
or, \(\cfrac{9x+4x}{9}=1326\)
or, \(x=1326\times \cfrac{9}{13}=918\)
Similar Questions