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A sum of money is lend at 15% per annum ...

A sum of money is lend at 15% per annum for `3 (1)/(2)` years and same sum lend for 5 years at 15% per annum. If the difference of S.I. from both cases is Rs 144. Find the sum lend.

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To solve the problem step by step, we will use the formula for Simple Interest (SI), which is given by: \[ SI = \frac{P \times R \times T}{100} \] where: - \( P \) = Principal amount (the sum of money lent) - \( R \) = Rate of interest per annum - \( T \) = Time in years ### Step 1: Define the variables Let the principal amount be \( P \) (the sum lent). ### Step 2: Calculate Simple Interest for the first case The first case is for \( 3 \frac{1}{2} \) years at 15% per annum. Convert \( 3 \frac{1}{2} \) years into an improper fraction: \[ 3 \frac{1}{2} = \frac{7}{2} \text{ years} \] Now, using the SI formula: \[ SI_1 = \frac{P \times 15 \times \frac{7}{2}}{100} \] \[ SI_1 = \frac{P \times 15 \times 7}{200} = \frac{105P}{200} \] ### Step 3: Calculate Simple Interest for the second case The second case is for 5 years at 15% per annum: \[ SI_2 = \frac{P \times 15 \times 5}{100} \] \[ SI_2 = \frac{75P}{100} = \frac{75P}{100} \] ### Step 4: Set up the equation based on the difference in Simple Interest According to the problem, the difference between the two Simple Interests is Rs 144: \[ SI_2 - SI_1 = 144 \] Substituting the values we calculated: \[ \frac{75P}{100} - \frac{105P}{200} = 144 \] ### Step 5: Simplify the equation To simplify, we need a common denominator. The common denominator between 100 and 200 is 200: \[ \frac{150P}{200} - \frac{105P}{200} = 144 \] \[ \frac{150P - 105P}{200} = 144 \] \[ \frac{45P}{200} = 144 \] ### Step 6: Solve for \( P \) Now, multiply both sides by 200: \[ 45P = 144 \times 200 \] \[ 45P = 28800 \] Now, divide both sides by 45: \[ P = \frac{28800}{45} \] \[ P = 640 \] ### Final Answer The sum lent is Rs 640. ---
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