A sum fetched total simple interest of 4016.25 at the rate of 11 p.c.p.a. in 5 years. What is the sum?	Select the correct option
A) 8925
B) 8032.5
C) 7302.3
D) 8900
E) none of these

Rationale: "let the sums be p . now , 55 % of p = 4016.25 or , p = 7302.3 answer c"
Answer: C