A sum fetched total simple interest of 4016.25 at the rate of 12 p.c.p.a. in 5 years. What is the sum?
Options
A) 6693.75 B) 8032.5 C) 4462.5 D) 8900 E) none of these

Rationale: "let the sums be p . now , 60 % of p = 4016.25 or , p = 6693.75 answer a"
Answer: A