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Rajni invested ₹15000 at simple interest...

Rajni invested ₹15000 at simple interest for 2 years at the rate of R% and gets an interest of ₹2100.He invested total amount (Principal+Interest) in a scheme.which offered compound interest at the rate of (R%+x%) for two years.→What are the possible integral values of 'x%' so that obtained compound interest is less than ₹3000.
(i) 1% (ii) 2% (iii) 3% (iv) 4% (v) 5%

A

only (i)

B

only (i).(ii)

C

only (i).(ii)and(iii)

D

only (i).(ii).(iii) and (iv)

Text Solution

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The correct Answer is:
To solve the problem step by step, we will follow the given information and apply the formulas for simple interest and compound interest. ### Step 1: Calculate the Rate of Interest (R%) Rajni invested ₹15,000 at simple interest for 2 years and received ₹2,100 as interest. We can use the formula for simple interest: \[ \text{Simple Interest} = \frac{P \times R \times T}{100} \] Where: - \( P \) = Principal amount = ₹15,000 - \( R \) = Rate of interest (unknown) - \( T \) = Time in years = 2 Substituting the known values into the formula, we have: \[ 2100 = \frac{15000 \times R \times 2}{100} \] ### Step 2: Solve for R Rearranging the equation to solve for \( R \): \[ 2100 = \frac{30000R}{100} \] \[ 2100 = 300R \] \[ R = \frac{2100}{300} = 7\% \] ### Step 3: Calculate the Total Amount after 2 Years Now, we will find the total amount after 2 years, which is the sum of the principal and the interest earned. \[ \text{Total Amount} = P + \text{Simple Interest} = 15000 + 2100 = 17100 \] ### Step 4: Set Up the Compound Interest Calculation Rajni then invests the total amount (₹17,100) in a scheme that offers compound interest at the rate of \( (R + x)\% \) for 2 years. Here, \( R = 7\% \), so the rate becomes \( (7 + x)\% \). ### Step 5: Write the Compound Interest Formula The formula for compound interest is: \[ \text{Compound Interest} = P \left(1 + \frac{r}{100}\right)^n - P \] Where: - \( P \) = Principal = ₹17,100 - \( r \) = Rate = \( 7 + x \) - \( n \) = Number of years = 2 Substituting the values, we have: \[ \text{Compound Interest} = 17100 \left(1 + \frac{7+x}{100}\right)^2 - 17100 \] ### Step 6: Set the Condition for Compound Interest We want the compound interest to be less than ₹3,000: \[ 17100 \left(1 + \frac{7+x}{100}\right)^2 - 17100 < 3000 \] Adding ₹17,100 to both sides gives: \[ 17100 \left(1 + \frac{7+x}{100}\right)^2 < 20100 \] ### Step 7: Simplify the Inequality Dividing both sides by ₹17,100: \[ \left(1 + \frac{7+x}{100}\right)^2 < \frac{20100}{17100} \] \[ \left(1 + \frac{7+x}{100}\right)^2 < 1.176 \] ### Step 8: Take the Square Root Taking the square root of both sides: \[ 1 + \frac{7+x}{100} < \sqrt{1.176} \] Calculating \( \sqrt{1.176} \approx 1.084 \): \[ \frac{7+x}{100} < 0.084 \] ### Step 9: Solve for x Rearranging gives: \[ 7 + x < 8.4 \] \[ x < 1.4 \] ### Step 10: Determine Integral Values of x Since \( x \) must be an integral value, the possible values for \( x \) are: - \( x = 1\% \) ### Conclusion The only possible integral value of \( x \) that satisfies the condition is: **1%**

To solve the problem step by step, we will follow the given information and apply the formulas for simple interest and compound interest. ### Step 1: Calculate the Rate of Interest (R%) Rajni invested ₹15,000 at simple interest for 2 years and received ₹2,100 as interest. We can use the formula for simple interest: \[ \text{Simple Interest} = \frac{P \times R \times T}{100} \] ...
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