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The simple intrest on a certain sum at 5...

The simple intrest on a certain sum at 5% per annum for 3 years and 4 years differ by Rs.42.The sum is:

A

Rs. 210

B

Rs 280

C

Rs. 750

D

Rs. 840

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will use the formula for simple interest and the information provided in the question. ### Step 1: Understand the Problem We need to find the principal amount (sum) where the difference in simple interest for 4 years and 3 years at a rate of 5% per annum is Rs. 42. ### Step 2: Write the Formula for Simple Interest The formula for simple interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] where: - \( P \) = Principal amount - \( R \) = Rate of interest (in %) - \( T \) = Time (in years) ### Step 3: Set Up the Equation According to the question, the difference in simple interest for 4 years and 3 years is Rs. 42. This can be expressed as: \[ SI(4) - SI(3) = 42 \] Using the formula for simple interest: \[ \frac{P \times 5 \times 4}{100} - \frac{P \times 5 \times 3}{100} = 42 \] ### Step 4: Simplify the Equation Now, we can simplify the left side of the equation: \[ \frac{P \times 5 \times 4 - P \times 5 \times 3}{100} = 42 \] \[ \frac{P \times 5 (4 - 3)}{100} = 42 \] \[ \frac{P \times 5}{100} = 42 \] ### Step 5: Solve for Principal (P) Now, we can solve for \( P \): \[ P \times 5 = 42 \times 100 \] \[ P \times 5 = 4200 \] \[ P = \frac{4200}{5} \] \[ P = 840 \] ### Conclusion The principal amount (sum) is Rs. 840.
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