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The simple interest accrued on a sum of ...

The simple interest accrued on a sum of certain principal is 1200 in 4 year at the rate of 8% per annum. What would be the simple interest accured on thrice of that principal at the rate of 6% per annum in 3 year ?

A

2025

B

3025

C

2250

D

2150

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the given information and apply the formula for simple interest. ### Step 1: Understand the Simple Interest Formula The formula for calculating simple interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] where: - \( P \) = Principal amount - \( R \) = Rate of interest per annum - \( T \) = Time in years ### Step 2: Calculate the Principal Amount We know that the simple interest accrued on a certain principal is 1200 in 4 years at the rate of 8% per annum. We can use the formula to find the principal \( P \). Given: - \( SI = 1200 \) - \( R = 8\% \) - \( T = 4 \) years Plugging these values into the formula: \[ 1200 = \frac{P \times 8 \times 4}{100} \] ### Step 3: Rearranging the Formula to Find \( P \) Rearranging the formula to solve for \( P \): \[ P = \frac{1200 \times 100}{8 \times 4} \] ### Step 4: Calculate the Value of \( P \) Now, we can calculate \( P \): \[ P = \frac{1200 \times 100}{32} = \frac{120000}{32} = 3750 \] ### Step 5: Calculate the Simple Interest on Thrice the Principal Now, we need to calculate the simple interest on thrice the principal at the rate of 6% per annum for 3 years. Thrice the principal: \[ 3P = 3 \times 3750 = 11250 \] Using the simple interest formula again: \[ SI = \frac{11250 \times 6 \times 3}{100} \] ### Step 6: Calculate the Simple Interest Calculating the simple interest: \[ SI = \frac{11250 \times 18}{100} = \frac{202500}{100} = 2025 \] ### Final Answer The simple interest accrued on thrice the principal at the rate of 6% per annum in 3 years is **2025**. ---
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