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  4. The simple interest accrued on a sum at the end of 4 years at 8.75 % is Rs. 21.875 . The sum is

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Q. The simple interest accrued on a sum at the end of 4 years at $8.75 \%$ is Rs. 21.875 . The sum is___

Simple Interest and Compound Interest

Solution:

Here; S.I. = Rs. $21.875 ; \mathrm{P}=8.75 \%$ p.a.; $\mathrm{T}=$ 4 years
Let the sum be Rs. $P$
Then, $\mathrm{P}=\frac{100 \times \text { S.I. }}{\mathrm{R} \times \mathrm{T}}=\frac{100 \times 21.875}{8.75 \times 4}=$ Rs. 62.5
The required sum $=$ Rs. 62.5