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Reena obtains Rs. 37500 as S.I by investing money on certain amount at 12.5 % rate of interest after 4 years. what is amount invested by reena ?
1. Rs. 75000
2. Rs. 70000
3. Rs. 65000
4. Rs. 90000
5. Rs. 85000

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Correct Answer - Option 1 : Rs. 75000

Given:

interest obtained = Rs. 37500

time period = 4 years

rate = 12.5 %

Formula used:

SI = (P × R × T) / 100

Calculation:

37500 = (P × 12.5 × 4) / 100

P = (37500 × 100) / ( 12.5 × 4 ) = Rs. 75000

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