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In simple interest rate per annum a cert...

In simple interest rate per annum a certain sum amounts to Rs. 5,182 in 2 years and Rs. 5,832 in 3 years. The principal in rupees is

A

Rs. 2882

B

Rs. 5000

C

Rs. 3882

D

Rs. 4000

Text Solution

AI Generated Solution

The correct Answer is:
To find the principal amount based on the information given about the simple interest, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the amounts for 2 and 3 years**: - Amount after 2 years (A2) = Rs. 5,182 - Amount after 3 years (A3) = Rs. 5,832 2. **Calculate the simple interest for 1 year**: - The simple interest for 1 year (SI) can be found by subtracting the amount after 2 years from the amount after 3 years: \[ SI = A3 - A2 = 5832 - 5182 = 650 \] 3. **Calculate the total simple interest for 2 years**: - Since the interest is the same each year, the total simple interest for 2 years (SI for 2 years) will be: \[ SI_{2\text{ years}} = 2 \times SI = 2 \times 650 = 1300 \] 4. **Determine the principal amount**: - The principal (P) can be calculated by subtracting the total simple interest for 2 years from the amount after 2 years: \[ P = A2 - SI_{2\text{ years}} = 5182 - 1300 = 3882 \] 5. **Final answer**: - The principal amount is Rs. 3,882.
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