Home
Class 14
MATHS
The simple interest on a sum of money wi...

The simple interest on a sum of money will be rupees 210 after 3 years. In the next 3 years.principal becomes 4 times.then the total interest at the end of 6 years.

A

1020

B

1050

C

1080

D

1100

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the details provided in the video transcript. ### Step 1: Understand the given information We know that the simple interest (SI) on a sum of money is Rs 210 after 3 years. ### Step 2: Use the formula for Simple Interest The formula for simple interest is: \[ SI = \frac{P \times R \times T}{100} \] Where: - \( SI \) = Simple Interest - \( P \) = Principal amount - \( R \) = Rate of interest (per annum) - \( T \) = Time (in years) ### Step 3: Set up the equation for the first 3 years From the information given: \[ \frac{P \times R \times 3}{100} = 210 \] This can be rearranged to: \[ P \times R = \frac{210 \times 100}{3} = 7000 \tag{1} \] ### Step 4: Analyze the next 3 years In the next 3 years, the principal becomes 4 times the original principal. Therefore, the new principal is: \[ 4P \] The time for this period is still 3 years. ### Step 5: Set up the equation for the next 3 years Using the simple interest formula again for the next 3 years: \[ SI_{next} = \frac{4P \times R \times 3}{100} \] This can be simplified to: \[ SI_{next} = 4 \times \frac{P \times R \times 3}{100} = 4 \times 210 = 840 \tag{2} \] ### Step 6: Calculate the total interest for 6 years The total interest at the end of 6 years is the sum of the interest from the first 3 years and the interest from the next 3 years: \[ Total\ Interest = SI_{first\ 3\ years} + SI_{next\ 3\ years} \] Substituting the values from equations (1) and (2): \[ Total\ Interest = 210 + 840 = 1050 \] ### Final Answer The total interest at the end of 6 years is Rs 1050. ---

To solve the problem step by step, we will follow the details provided in the video transcript. ### Step 1: Understand the given information We know that the simple interest (SI) on a sum of money is Rs 210 after 3 years. ### Step 2: Use the formula for Simple Interest The formula for simple interest is: \[ ...
Promotional Banner

Topper's Solved these Questions

  • SERIES

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise MCQs|280 Videos
  • SIMPLIFICATION

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise MCQ|332 Videos

Similar Questions

Explore conceptually related problems

The simple interest on a sum of money will be Rs. 600 after 10 years. If the principal is trebled after 5 years, what will be the total interest at the end of the tenth year?

The simple interest on a sum of money will be Rs 600 after 10 years.If the principal is trebled after 5 years,what will be the total interest at the end of the tenth year? (a) Rs 600 (b) Rs 900 (c) Rs 1200 (d) Rs 1500 (e) Data inadequate

.A sum of money becomes 3 times in 12 years.In how many years will it become 5 times at the same rate of simple interest?

If a sum of money becomes 3 times in 12 years then in how many years it will become 5 times at the same rate of simple interest?

A sum of money becomes doubles in 10 year In how many years it will be 3 times at the same rate of simple interest ?

IBPS & SBI PREVIOUS YEAR PAPER-SIMPLE INTEREST AND COMPOUND INTEREST -MCQs
  1. What will be the ratio of simple interest earned by certain amount at ...

    Text Solution

    |

  2. A person lent out certain sum on simple interest and the same sum on c...

    Text Solution

    |

  3. The simple interest on a sum of money will be rupees 210 after 3 years...

    Text Solution

    |

  4. ₹5200 was partly invested in scheme A at 10%pa CI for 2 years and Part...

    Text Solution

    |

  5. A person makes a fixed deposit of Rs.20000 in Bank of India for 3 year...

    Text Solution

    |

  6. ₹6000 becomes ₹7200 in 3 years at a certain rate of compound interest....

    Text Solution

    |

  7. Vikram invests some money in three diffrerent schemes for 4 years. 8 y...

    Text Solution

    |

  8. A sum of rupees 3903 is divided between P and Q such that the share of...

    Text Solution

    |

  9. Ankita borrows Rs.7000 at simple Interest from a lende. At the end of ...

    Text Solution

    |

  10. The differnce between compound interest compounded every 6 months and ...

    Text Solution

    |

  11. A certain sum of money at certain rate of interest becomes ₹3420 after...

    Text Solution

    |

  12. A sum of money becomes ₹35,280 after 2 years and ₹37.044 after 3 years...

    Text Solution

    |

  13. A certain sum of money amounts to Rs. 2900 at 4 % per annum in 4 ye...

    Text Solution

    |

  14. A sum of ₹94.00 is borrowed at 20 % per annum compounded annually. If ...

    Text Solution

    |

  15. A man invested ₹4000 in a scheme giving 20% p.a. compound interest for...

    Text Solution

    |

  16. Ramesh had a sum of money .Two-third of the total money he invested in...

    Text Solution

    |

  17. saket has deposited a certain amount in the bank to earn compound inte...

    Text Solution

    |

  18. A sum of ₹5500 is invested in two parts in simple interest such that ...

    Text Solution

    |

  19. The difference between simple interest and compound. Interest at the r...

    Text Solution

    |

  20. A man invested a certain sum in scheme A at 20% p.a. for 3 years and e...

    Text Solution

    |