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At what rate per cent of simple interest...

At what rate per cent of simple interest will the interest on Rs. 3,750 be one-fifth of itself in 4 years? To what will it amount in 15 years ?

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To solve the problem step by step, we will break it down into two parts: finding the rate of simple interest and then calculating the amount after 15 years. ### Step 1: Identify the given values - Principal (P) = Rs. 3,750 - Time (T) = 4 years - Interest (I) = One-fifth of the principal ### Step 2: Calculate the interest Since the interest is one-fifth of the principal: \[ I = \frac{P}{5} = \frac{3750}{5} = 750 \] ### Step 3: Use the formula for Simple Interest The formula for Simple Interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] Where: - SI = Simple Interest - P = Principal - R = Rate of Interest - T = Time in years ### Step 4: Substitute the known values into the formula We know: - SI = 750 - P = 3750 - T = 4 Substituting these values into the formula: \[ 750 = \frac{3750 \times R \times 4}{100} \] ### Step 5: Rearranging the equation to find R To isolate R, we can rearrange the equation: \[ 750 \times 100 = 3750 \times R \times 4 \] \[ 75000 = 15000R \] \[ R = \frac{75000}{15000} = 5 \] ### Step 6: Conclusion for the first part The rate of simple interest is: \[ R = 5\% \] ### Step 7: Calculate the amount after 15 years Now, we need to calculate the amount after 15 years using the same formula for Simple Interest: \[ SI = \frac{P \times R \times T}{100} \] Where: - P = 3750 - R = 5 - T = 15 Substituting these values: \[ SI = \frac{3750 \times 5 \times 15}{100} \] \[ SI = \frac{281250}{100} = 2812.5 \] ### Step 8: Calculate the total amount The total amount (A) is given by: \[ A = P + SI \] Substituting the values: \[ A = 3750 + 2812.5 = 6562.5 \] ### Step 9: Conclusion for the second part The amount after 15 years is: \[ A = 6562.5 \] ### Final Answer: 1. The rate of simple interest is **5%**. 2. The amount after 15 years is **Rs. 6562.5**. ---
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