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A sum of money lent out at 9 percent for...

A sum of money lent out at 9 percent for 5 years produces twice as much interest as Rs. 4,800 in `4""1/2` years at 10 per cent. Find the sum.

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To solve the problem step by step, we will break it down into two parts as mentioned in the video transcript. ### Step 1: Calculate the Simple Interest for Rs. 4800 at 10% for 4.5 years 1. **Identify the given values:** - Principal (P) = Rs. 4800 - Rate of Interest (R) = 10% - Time (T) = 4.5 years = \( \frac{9}{2} \) years 2. **Use the formula for Simple Interest (SI):** \[ SI = \frac{P \times R \times T}{100} \] 3. **Substitute the values into the formula:** \[ SI = \frac{4800 \times 10 \times \frac{9}{2}}{100} \] 4. **Calculate the SI:** - First, calculate \( 4800 \times 10 = 48000 \) - Then, \( 48000 \times \frac{9}{2} = 48000 \times 4.5 = 216000 \) - Finally, divide by 100: \[ SI = \frac{216000}{100} = 2160 \] ### Step 2: Determine the Simple Interest for the unknown principal at 9% for 5 years 1. **Calculate the required Simple Interest:** - The interest produced by the unknown principal is twice that of the first part: \[ SI = 2 \times 2160 = 4320 \] 2. **Identify the new values:** - SI = Rs. 4320 - Rate of Interest (R) = 9% - Time (T) = 5 years 3. **Use the Simple Interest formula again:** \[ SI = \frac{P \times R \times T}{100} \] 4. **Substitute the values into the formula:** \[ 4320 = \frac{P \times 9 \times 5}{100} \] 5. **Simplify the equation:** - Rearranging gives: \[ 4320 = \frac{45P}{100} \] - Multiply both sides by 100: \[ 432000 = 45P \] - Divide by 45 to find P: \[ P = \frac{432000}{45} = 9600 \] ### Final Answer: The sum of money lent out is Rs. 9600. ---
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ICSE-INTEREST (SIMPLE AND COMPOUND)-EXERCISE 9(C)
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  2. A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound i...

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  3. A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound i...

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  4. A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound i...

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  5. A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound i...

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  6. A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound i...

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  7. A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest...

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  8. A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest...

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  9. A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest...

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  10. A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest...

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  11. Calculate the amount and the compound interest on Rs. 12,000 in 2 year...

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  12. Calculate the amount and the compound interest on Rs. 10,000 in 3 year...

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  13. Calcualte the compound interest on Rs. 5,000 in 2 years, if the rates ...

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  14. Calculate the compound interest on Rs. 15,000 in 3 years, if the rate ...

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  15. Mohan borrowed Rs. 16,000 for 3 years at 5% per annum compound interes...

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  16. Rekha borrowed Rs. 40,000 for 3 years at 10% per annum compound intere...

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  17. Calculate the compound interest for the second year on Rs. 15,000 inve...

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  18. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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  19. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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  20. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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  21. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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