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Simple interest on Rs. 600 for 4 years a...

Simple interest on Rs. 600 for 4 years at 5.25% per annum is equal to the simple interest on 400 at 5% per annum for a certain period of time. The time period is ?

A

(a) 5 years

B

(b) 20 years

C

(c) 6.3 years

D

(d) 7.2 years

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The correct Answer is:
To solve the problem, we need to find the time period for which the simple interest on Rs. 400 at 5% per annum is equal to the simple interest on Rs. 600 at 5.25% per annum for 4 years. ### Step 1: Calculate the Simple Interest on Rs. 600 for 4 years at 5.25% per annum. The formula for Simple Interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] Where: - \( P \) = Principal amount - \( R \) = Rate of interest per annum - \( T \) = Time in years Here, \( P = 600 \), \( R = 5.25 \), and \( T = 4 \). Substituting the values: \[ SI = \frac{600 \times 5.25 \times 4}{100} \] ### Step 2: Calculate the value. Calculating the above expression: \[ SI = \frac{600 \times 5.25 \times 4}{100} = \frac{12600}{100} = 126 \] So, the simple interest on Rs. 600 for 4 years at 5.25% per annum is Rs. 126. ### Step 3: Set up the equation for the Simple Interest on Rs. 400 at 5% per annum. Let the time period be \( T \) years. The simple interest on Rs. 400 at 5% per annum is given by: \[ SI = \frac{P \times R \times T}{100} \] Where \( P = 400 \) and \( R = 5 \). So, we have: \[ SI = \frac{400 \times 5 \times T}{100} \] This simplifies to: \[ SI = \frac{2000T}{100} = 20T \] ### Step 4: Set the two simple interests equal to each other. We know from Step 2 that the simple interest on Rs. 600 is Rs. 126. Therefore: \[ 20T = 126 \] ### Step 5: Solve for \( T \). Now, we can solve for \( T \): \[ T = \frac{126}{20} = 6.3 \] ### Conclusion: The time period is \( 6.3 \) years. ---
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