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Question Detail
A sum of money amounts to Rs 9800 after 5 years and Rs 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is
- 9%
- 10%
- 11%
- 12%
Answer: Option D
Explanation:
We can get SI of 3 years = 12005 - 9800 = 2205
SI for 5 years = (2205/3)*5 = 3675 [so that we can get principal amount after deducting SI]
Principal = 12005 - 3675 = 6125
So Rate = (100*3675)/(6125*5) = 12%
1. In how many years Rs 150 will produce the same interest at 8% as Rs. 800 produce in 3 years at 9/2%
- 8
- 9
- 10
- 11
Answer: Option B
Explanation:
Clue:
Firstly we need to calculate the SI with prinical 800,Time 3 years and Rate 9/2%, it will be Rs. 108
Then we can get the Time as
Time = (100*108)/(150*8) = 9
2. Find the simple interest on Rs 7000 at 50/3 % for 9 months
- Rs. 1075
- Rs. 975
- Rs. 875
- Rs. 775
Answer: Option C
Explanation:
\begin{aligned}
\text{ S.I. = } \frac{P \times R \times T}{100}
\end{aligned}
So, by putting the values in the above formula, our result will be.
\begin{aligned}
\text{ Required result = } \frac{7000 \times 50 \times 9}{3 \times 12 \times 100} = 875
\end{aligned}
[Please note that we have divided by 12 as we converted 9 months in a year format]
3. A sum of Rs 12,500 amounts to Rs. 15,500 in the 4 years at the rate of simple interest. Find the rate percent
- 6 %
- 7 %
- 8 %
- 9 %
Answer: Option A
Explanation:
\begin{aligned}
\text{S.I.} = \frac{P*R*T}{100} \\
=> R = \frac{S.I. * 100}{P*T}
\end{aligned}
So, S.I = 15500 - 12500 = 3000.
\begin{aligned}
=> R = \frac{3000 * 100}{12500*4} = 6\%
\end{aligned}
4. Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years.
- Rs 1052
- Rs 1152
- Rs 1252
- Rs 1352
Answer: Option A
Explanation:
S.I. = 956 - 800 = Rs 156
\begin{aligned}
R = \frac{156*100}{800*3} \\
R = 6\frac{1}{2}\% \\
\text{ New Rate = }6\frac{1}{2}+4 \\
= \frac{21}{2} \% \\
\text{ New S.I. = }800\times\frac{21}{2}\times{3}{100} \\
= 252
\end{aligned}
Now amount will be 800 + 252 = 1052
5. We have total amount Rs. 2379, now divide this amount in three parts so that their sum become equal after 2, 3 and 4 years respectively. If rate of interest is 5% per annum then first part will be ?
- 818
- 828
- 838
- 848
Answer: Option B
Explanation:
Lets assume that three parts are x, y and z.
Simple Interest, R = 5%
From question we can conclude that, x + interest (on x) for 2 years = y + interest (on y) for 3 years = z + interest (on y) for 4 years
\begin{aligned}
\left( x + \frac{x*5*2}{100} \right) = \left( y + \frac{y*5*3}{100} \right) = \left( z + \frac{z*5*4}{100} \right)\\
\left( x + \frac{x}{10} \right) = \left( y + \frac{3y}{20} \right) = \left( z + \frac{z}{5} \right) \\
=> \frac{11x}{10} = \frac{23y}{20} = \frac{6z}{5} \\
\text{lets assume k = }\frac{11x}{10} = \frac{23y}{20} = \frac{6z}{5} \\
\text{then }x = \frac{10k}{11} \\
y = \frac{20k}{23}\\
z = \frac{5k}{6}\\
\text{we know x+y+z = 2379}\\
=> \frac{10k}{11} + \frac{20k}{23} + \frac{5k}{6} = 2379\\
\text{10k*23*6+20k*11*6+5k*11*23=2379*11*23*6}\\
\text{1380k+1320k+1265k=2379*11*23*6}\\
\text{3965k=2379*11*23*6}\\
k = \frac{2379*11*23*6}{3965}\\
\text{by putting value of k we can get x} \\
x = \frac{10k}{11} \\
=>x = \frac{10}{11}*\frac{2379*11*23*6}{3965}\\
=>x = \frac{10*2379*23*6}{3965}\\
= \frac{2*2379*23*6}{793}\\
= 2 * 3 * 23 * 6 = 828
\end{aligned}
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