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A certain sum is invested for T years. I...

A certain sum is invested for T years. It amounts to ₹ 400 at 10 % per annum. But when invested at 4% per annum. it amounts to ₹200. Find the time(T)?

A

39 years

B

41years

C

45 years

D

50 years

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the time \( T \) for which a certain sum is invested, given two different interest rates and amounts. We will use the formula for simple interest and set up equations based on the information provided. ### Step-by-Step Solution: 1. **Understanding the Problem**: - We have two scenarios: - When invested at 10% per annum, the amount becomes ₹400. - When invested at 4% per annum, the amount becomes ₹200. - We need to find the time \( T \) in years. 2. **Setting Up the Equations**: - Let \( P \) be the principal amount (the initial sum invested). - For the first scenario (10% per annum): \[ \text{Amount} = P + \text{Interest} \] \[ 400 = P + \left(\frac{P \times 10 \times T}{100}\right) \] Rearranging gives: \[ 400 = P + \frac{PT}{10} \] \[ 400 = P \left(1 + \frac{T}{10}\right) \tag{1} \] - For the second scenario (4% per annum): \[ 200 = P + \left(\frac{P \times 4 \times T}{100}\right) \] Rearranging gives: \[ 200 = P + \frac{PT}{25} \] \[ 200 = P \left(1 + \frac{T}{25}\right) \tag{2} \] 3. **Equating the Two Equations**: - From equations (1) and (2), we can set them equal to each other: \[ P \left(1 + \frac{T}{10}\right) = 400 \] \[ P \left(1 + \frac{T}{25}\right) = 200 \] 4. **Eliminating \( P \)**: - From equation (1): \[ P = \frac{400}{1 + \frac{T}{10}} \tag{3} \] - Substitute \( P \) from (3) into (2): \[ \frac{400}{1 + \frac{T}{10}} \left(1 + \frac{T}{25}\right) = 200 \] 5. **Cross-Multiplying and Simplifying**: - Cross-multiplying gives: \[ 400 \left(1 + \frac{T}{25}\right) = 200 \left(1 + \frac{T}{10}\right) \] - Expanding both sides: \[ 400 + \frac{400T}{25} = 200 + \frac{200T}{10} \] \[ 400 + 16T = 200 + 20T \] 6. **Rearranging the Equation**: - Rearranging gives: \[ 400 - 200 = 20T - 16T \] \[ 200 = 4T \] \[ T = \frac{200}{4} = 50 \] 7. **Final Answer**: - The time \( T \) is **50 years**.

To solve the problem, we need to find the time \( T \) for which a certain sum is invested, given two different interest rates and amounts. We will use the formula for simple interest and set up equations based on the information provided. ### Step-by-Step Solution: 1. **Understanding the Problem**: - We have two scenarios: - When invested at 10% per annum, the amount becomes ₹400. - When invested at 4% per annum, the amount becomes ₹200. ...
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