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A sum of money at simple interest amount...

A sum of money at simple interest amounts to Rs 800 in 2 years and to Rs 1200 in 6 years. The sum is……………

A

Rs 600

B

Rs 1000

C

Rs 400

D

Rs 500

Text Solution

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The correct Answer is:
To solve the problem step by step, we need to find the principal amount given that a sum of money at simple interest amounts to Rs 800 in 2 years and Rs 1200 in 6 years. ### Step 1: Understand the given information We know: - Amount after 2 years (A1) = Rs 800 - Amount after 6 years (A2) = Rs 1200 ### Step 2: Calculate the simple interest for the period between 2 years and 6 years To find the simple interest earned from year 2 to year 6, we subtract the amount after 2 years from the amount after 6 years: \[ \text{Simple Interest for 4 years} = A2 - A1 = 1200 - 800 = Rs 400 \] ### Step 3: Calculate the simple interest for 1 year Since the interest of Rs 400 is for 4 years, we can find the interest for 1 year by dividing the total interest by the number of years: \[ \text{Simple Interest for 1 year} = \frac{400}{4} = Rs 100 \] ### Step 4: Calculate the simple interest for 2 years Now, we can calculate the simple interest for 2 years: \[ \text{Simple Interest for 2 years} = 100 \times 2 = Rs 200 \] ### Step 5: Calculate the principal amount The principal amount can be calculated by subtracting the simple interest for 2 years from the amount after 2 years: \[ \text{Principal} = A1 - \text{Simple Interest for 2 years} = 800 - 200 = Rs 600 \] ### Conclusion The sum of money (principal) is Rs 600. ---

To solve the problem step by step, we need to find the principal amount given that a sum of money at simple interest amounts to Rs 800 in 2 years and Rs 1200 in 6 years. ### Step 1: Understand the given information We know: - Amount after 2 years (A1) = Rs 800 - Amount after 6 years (A2) = Rs 1200 ### Step 2: Calculate the simple interest for the period between 2 years and 6 years ...
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