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The C.I. and S.I. on a sum of money for ...

The C.I. and S.I. on a sum of money for 2 years is Rs. 210 and Rs. 200 respectively. If the rate of the interest is same, then sum will be

A

a. Rs 2200

B

b. Rs. 500

C

c. Rs . 1000

D

d. Rs. 2000

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The correct Answer is:
To solve the problem, we need to find the principal sum (P) given the compound interest (C.I.) and simple interest (S.I.) for 2 years. The given values are: - C.I. = Rs. 210 - S.I. = Rs. 200 ### Step-by-Step Solution: **Step 1: Understand the relationship between C.I. and S.I.** The difference between the compound interest and simple interest for 2 years can be expressed as: \[ \text{C.I.} - \text{S.I.} = \text{P} \cdot \frac{R^2}{100^2} \] Where P is the principal, and R is the rate of interest. **Step 2: Calculate the difference between C.I. and S.I.** Using the values provided: \[ 210 - 200 = 10 \] So, we have: \[ \text{P} \cdot \frac{R^2}{100^2} = 10 \] **Step 3: Calculate S.I. using the formula** The formula for simple interest is: \[ \text{S.I.} = \frac{P \cdot R \cdot T}{100} \] Given that S.I. = Rs. 200 and T = 2 years, we can write: \[ 200 = \frac{P \cdot R \cdot 2}{100} \] Rearranging gives: \[ P \cdot R = 100 \] **Step 4: Substitute P.R into the equation** From the previous step, we know: \[ P \cdot R = 100 \] Now, we can express R in terms of P: \[ R = \frac{100}{P} \] **Step 5: Substitute R into the difference equation** Substituting R into the equation from Step 2: \[ P \cdot \frac{\left(\frac{100}{P}\right)^2}{100^2} = 10 \] This simplifies to: \[ P \cdot \frac{10000}{P^2 \cdot 10000} = 10 \] Which simplifies further to: \[ \frac{1}{P} = 10 \] Thus: \[ P = \frac{1}{10} \] **Step 6: Solve for P** From the equation \( P = 10 \), we find: \[ P = 1000 \] ### Final Answer: The sum (P) is Rs. 1000.
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ARIHANT SSC-CI/SI/INSTALMENTS-EXERCISE (LEVEL - 2)
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