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A lends a sum of money for 10 years at 5...

A lends a sum of money for 10 years at 5% SI. B lends double the amount for 5 years at the same rate of interest . Which of the following statements is true in his regard ?

A

A will get twice the amount of interest that B would get

B

B will get twice the amount of interest that A would get

C

A will get same the amount of interest that B would get

D

B will get four time the amount of interest that A would get

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The correct Answer is:
To solve the problem, we need to calculate the simple interest earned by both A and B and compare the results. ### Step 1: Define the variables Let the principal amount lent by A be \( P = x \). ### Step 2: Calculate A's Simple Interest A lends the amount for 10 years at a rate of 5%. The formula for simple interest (SI) is: \[ SI = \frac{P \times r \times t}{100} \] For A: - Principal \( P = x \) - Rate \( r = 5\% \) - Time \( t = 10 \) years Substituting the values into the formula: \[ SI_A = \frac{x \times 5 \times 10}{100} = \frac{50x}{100} = \frac{x}{2} \] ### Step 3: Calculate B's Simple Interest B lends double the amount of A, so the principal amount for B is \( P = 2x \). B lends this amount for 5 years at the same rate of 5%. For B: - Principal \( P = 2x \) - Rate \( r = 5\% \) - Time \( t = 5 \) years Substituting the values into the formula: \[ SI_B = \frac{2x \times 5 \times 5}{100} = \frac{50x}{100} = \frac{x}{2} \] ### Step 4: Compare the Simple Interests Now we compare the simple interests earned by A and B: - Simple Interest for A: \( SI_A = \frac{x}{2} \) - Simple Interest for B: \( SI_B = \frac{x}{2} \) ### Conclusion Since both A and B have the same simple interest, the correct statement is: **A will get the same amount of interest that B would get.**
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ARIHANT SSC-CI/SI/INSTALMENTS-EXERCISE (LEVEL - 1)
  1. At some rate of simple interest, A lent Rs. 6000 to B for 2 years and ...

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  2. A person takes a loan of Rs 200 at 5% simple interest. He returns R...

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  3. A lends a sum of money for 10 years at 5% SI. B lends double the amoun...

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  4. Consider the following statements. If a money is loaned at simple inte...

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  5. Pratibha an amount of Rs. 15,860 in the the names of her three daughte...

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  6. What annual payment will discharge a debt of Rs. 580 in 5 years, the r...

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  7. Find the amount of Rs. 2500 invested at 12% during the period from 4^(...

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  8. Find the amount of Rs. 1700 invested at 16% half yearly at simple inte...

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  9. The compound interest on Rs. 1000 at 10% p.a. in 3 years :

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  10. The compound interest on Rs. 10000 at 20% p.a. in 4 years :

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  11. The compound interest on Rs. 4000 at 25% p.a. in 3 years :

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  12. The compound interest on Rs. 5000 at 30% p.a. in 3 years :

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  13. A sum of Rs 400 would become Rs. 441 after 2 years at r% compound inte...

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  14. At compound interest , if a certain sum of money doubles in n years , ...

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  15. Rs. 6000 amounts to Rs . 7986 in 3 years at Cl. The rate of interest i...

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  16. The least number of complete years in which a sum of money put out ...

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  17. The Cl on Rs. 5000 for 3 years at 8% for first year, 10% for second ye...

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  18. A sum of Rs. 2400 deposited at Cl, doubled after 5 years. After 20 yea...

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  19. A sum of ₹ 550 was taken as a loan. This is to be paid back in two equ...

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  20. The difference between compound interest and simple interest on a sum ...

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