Home
Class 8
MATHS
A sum amounts to Rs 3600 at 2% per annum...

A sum amounts to `Rs 3600` at `2%` per annum under simple interest and `Rs 4800` at `4%` per annum under simple interest. The time taken is _____.

A

`2.5 years`

B

`3 years`

C

`30 years`

D

`25 years`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Given: 1. Amount (A1) = Rs 3600 at 2% per annum 2. Amount (A2) = Rs 4800 at 4% per annum ### Step 1: Write the formula for Simple Interest The formula for calculating the amount under simple interest is: \[ A = P + SI \] Where: - \( A \) = Amount - \( P \) = Principal - \( SI \) = Simple Interest The formula for Simple Interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] Where: - \( R \) = Rate of interest - \( T \) = Time in years ### Step 2: Set up the equations For the first case (Rs 3600 at 2%): \[ 3600 = P + \frac{P \times 2 \times T}{100} \] This can be rearranged to: \[ 3600 - P = \frac{2PT}{100} \] Let's call this **Equation 1**. For the second case (Rs 4800 at 4%): \[ 4800 = P + \frac{P \times 4 \times T}{100} \] This can be rearranged to: \[ 4800 - P = \frac{4PT}{100} \] Let's call this **Equation 2**. ### Step 3: Divide the two equations Now, we will divide Equation 1 by Equation 2: \[ \frac{3600 - P}{4800 - P} = \frac{\frac{2PT}{100}}{\frac{4PT}{100}} \] This simplifies to: \[ \frac{3600 - P}{4800 - P} = \frac{1}{2} \] ### Step 4: Cross-multiply to solve for P Cross-multiplying gives: \[ 2(3600 - P) = 1(4800 - P) \] Expanding both sides: \[ 7200 - 2P = 4800 - P \] ### Step 5: Rearranging the equation Now, rearranging the equation: \[ 7200 - 4800 = 2P - P \] \[ 2400 = P \] So, the principal \( P = Rs 2400 \). ### Step 6: Substitute P back to find T Now, substitute \( P \) back into either Equation 1 or Equation 2 to find \( T \). Let's use Equation 1: \[ 3600 - 2400 = \frac{2 \times 2400 \times T}{100} \] This simplifies to: \[ 1200 = \frac{4800T}{100} \] \[ 1200 = 48T \] ### Step 7: Solve for T Now, divide both sides by 48: \[ T = \frac{1200}{48} = 25 \] ### Final Answer The time taken is **25 years**. ---
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION Level 3|9 Videos
  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION Level 1|31 Videos
  • SETS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 3) |8 Videos
  • SQUARES AND SQUARE ROOTS AND CUBES AND CUBE ROOTS

    PEARSON IIT JEE FOUNDATION|Exercise Level 3|7 Videos

Similar Questions

Explore conceptually related problems

A certain sum amounts to Rs. 320 at 6% per anuum simple interest and to Rs. 360 at 8% per annum simple interest. Find the principal.

A borrowed a certain sum of money from B at the rate of 10% per annum under simple interest and lens one-fourth of the amount to C at 8% per annum under simple interest and the remaining amount to D at 15% per annum under simple interest. If the end of 15 years. A made profit of Rs 5850 in the deal, then find the sum that A had lent to D.

The simple interest on ₹ 6250 at 4% per annum for 6 monthes is

What sum will amount to Rs. 6,600 in 4 years at 8% per annum simple interest?

The sum of money will amount to Rs. 900 in 4 yr at 5% per annum on simple interest is

Rajesh gave 1200 on loan. Some amount he gave at 4% per annum on simple interest and remaining at 5% per annum on simple interest. After two years, he got 110 as interest. Then the amounts given at 4% and 5% per annum on simple interest are, respectively

PEARSON IIT JEE FOUNDATION-SIMPLE INTEREST AND COMPOUND INTEREST -CONCEPT APPLICATION Level 2
  1. Sushma deposited Rs. 6500 which amounted to Rs. 7800 in 4 years at sim...

    Text Solution

    |

  2. The cost of a scooter is Rs. 10000. Its value depreciates at the rate ...

    Text Solution

    |

  3. A person borrowed Rs 8000 at 2(1)/(2)% per annum under S.I. The sum bo...

    Text Solution

    |

  4. A boy's height is increasing at the rate of 2% when compared to that o...

    Text Solution

    |

  5. Ramu invested a sum of Rs. 12500 at 12% per annum compound interest. H...

    Text Solution

    |

  6. The rate of interest for a sum that becomes (729)/(576) times itself i...

    Text Solution

    |

  7. A person deposited Rs. 6000 in a bank for 2 years. At the end of the f...

    Text Solution

    |

  8. A sum amounts to Rs 3600 at 2% per annum under simple interest and Rs ...

    Text Solution

    |

  9. Find the compound interest on Rs 50,000 for 3 years, compounded annual...

    Text Solution

    |

  10. A person invested one-fifth of the capital at 5% per annum, one-sixth ...

    Text Solution

    |

  11. Kailash set up a factory by investing Rs. 1000000. During the first tw...

    Text Solution

    |

  12. In what time will the sum of Rs. 1875 yield a compound interest of Rs....

    Text Solution

    |

  13. Find the simple interest on Rs. 1098 at 5% per annum from 5 May 1996 t...

    Text Solution

    |

  14. A certain sum was invested at a certain rate at simple interest. It to...

    Text Solution

    |

  15. A certain sum amounts to Rs. 900 at simple interest in 5 years. It amo...

    Text Solution

    |

  16. Find the difference between the simple interest and the compound inter...

    Text Solution

    |

  17. If a sum was Rs. 10000 more and was lent at S.I. for 2 years at 10% pe...

    Text Solution

    |

  18. Rs. 2000 was lent at 40% per annum at simple interest for 1 year. If i...

    Text Solution

    |

  19. Find the simple interest on Rs. 3000 at 10% per annum from January 1, ...

    Text Solution

    |

  20. A certain sum was invested at a certain rate of simple interest. It to...

    Text Solution

    |