Home
Class 14
MATHS
The difference between simple interest a...

The difference between simple interest and compound interest on a certain sum of money for three years at `10%` per annum is Rs. 15 and 50 paise. The sum is:

A

Rs. 5,000

B

Rs. 550

C

Rs. 5,500

D

Rs.500

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the principal amount based on the difference between simple interest (SI) and compound interest (CI) for 3 years at a rate of 10% per annum, which is given as Rs. 15.50. ### Step-by-Step Solution: 1. **Understanding the Difference Between SI and CI**: The difference between the simple interest and compound interest for 3 years can be calculated using the formula: \[ \text{Difference} = \text{CI} - \text{SI} = \frac{P \cdot r^2}{100^2} \] where \( P \) is the principal amount and \( r \) is the rate of interest. 2. **Substituting the Values**: Here, the rate \( r = 10\% \) and the difference is given as Rs. 15.50. We can substitute these values into the formula: \[ 15.50 = \frac{P \cdot (10)^2}{100^2} \] 3. **Simplifying the Equation**: This simplifies to: \[ 15.50 = \frac{P \cdot 100}{10000} \] \[ 15.50 = \frac{P}{100} \] 4. **Finding the Principal Amount**: To find \( P \), we multiply both sides of the equation by 100: \[ P = 15.50 \times 100 \] \[ P = 1550 \] 5. **Conclusion**: Therefore, the principal amount is Rs. 1550. ### Final Answer: The sum is Rs. 1550.
Promotional Banner

Topper's Solved these Questions

  • MOCK TEST - 3

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise Multiple Choice Question |98 Videos
  • NUMBER SYSTEM

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise MULTIPLE CHOICE QUESTIONS |225 Videos

Similar Questions

Explore conceptually related problems

If the difference between simple interest and compound interest on a certain sum of money for 3 yr at 10% per annum is Rs 31, the sum is -

The difference between the simple and compound interest on a certain sum of money for 2 years at 4% per annum is Rs. 4. The sum is

The difference between the simple and compound interest on a certain sum of money for 2 years at 4% per annum is Re. 4. The sum is :

The difference in simple interest and compound interest on a certain sum of money in 2 years at 10 % p.a. is Rs. 50. The sum is

The difference between compound interest and simple interest on a certain sum of money for 3 years at 5% per annum is Rs. 122. Find the principal.

The difference between simple interest and compound interest of a certain sum of money at 20% per annum for 2 years is Rs. 48. Then the sum is

The difference between simple and compound Interest on a certain sum of money for 2 years at 4 per cent per annum is Rs. 1. The sum of money is :

ADVANCED MATHS BY ABHINAY MATHS ENGLISH-MOCK TEST II-MCQ
  1. By what % must the cost of goods be marked up so that even after a di...

    Text Solution

    |

  2. A certain sum is invested for T years. It amounts to ₹ 400 at 10 % per...

    Text Solution

    |

  3. The difference between simple interest and compound interest on a cert...

    Text Solution

    |

  4. Two trains of length 190 m and 210 m respectively, are running in oppo...

    Text Solution

    |

  5. If 12 men can reap 120 acres of land in 36 days, how many acres of lan...

    Text Solution

    |

  6. (1)/(20)+(1)/(30)+(1)/(42)+(1)/(56)+(1)/(72)+(1)/(90)+(1)/(110)+(1)/(1...

    Text Solution

    |

  7. If sintheta.sec(30^(@)+theta)=1 where (0ltthetalt60^(@)) then the va...

    Text Solution

    |

  8. If a^(x)=(x+y+z)^(y), a^(y)=(x+y+z)^(z), a^(z)=(x+y+z)^(x), then :

    Text Solution

    |

  9. If cos18^(@)-sin18^(@)=sqrt(2)sinA . Then value of tan5A+cot5A+sin5A+...

    Text Solution

    |

  10. ABCD is a cyclic quadrilateral in which AB is a diameter , ,BC=CDandan...

    Text Solution

    |

  11. If sintheta and costheta are the roots of the equationax^(2)-bx+c=0 ,...

    Text Solution

    |

  12. A car and a jeep were sold for Rs 120000 each. The car was sold at a l...

    Text Solution

    |

  13. What annual instalment will discharge a debt of Rs 1092 due in 3 ye...

    Text Solution

    |

  14. (1+sec20^(@)+cot70^(@))(1-"co s ec"20^(@)+tan70^(@)) किसके बराबर होगा ...

    Text Solution

    |

  15. The value of the expression x^(4)-17x^(3)+17x^(2)-17x+17 at x=16 is :

    Text Solution

    |

  16. There are two mixtures containing Gold, silver and platinum. First mix...

    Text Solution

    |

  17. In the figure given above, O is the centre of the circle OA = 3 cm, AC...

    Text Solution

    |

  18. A and B enter into partnership. A supplies whole of the capital amount...

    Text Solution

    |

  19. If x+(1)/(x)=1 then x^(52)+x^(46)+x^(32)+x^(26)+x^(21)+x^(15)+x^(6)+x...

    Text Solution

    |

  20. A man rowed against a stream flowing 1 (1)/(2) km/hr to a certain poin...

    Text Solution

    |