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Simple interest on a certain sum of mone...

Simple interest on a certain sum of money "P" for 4 years at `5%` per annum is`50%` of the compound interest earned on Rs.3,000 for 2 years at `10%` per annum. The sum "P" placed on simple interest is:

A

Rs.1,575

B

Rs.2,200

C

Rs.1,200

D

Rs.1,625

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To solve the problem step by step, we will first calculate the compound interest on Rs. 3000 for 2 years at 10% per annum, and then use that information to find the sum "P" for which the simple interest for 4 years at 5% per annum is 50% of the compound interest calculated. ### Step 1: Calculate the Compound Interest (CI) on Rs. 3000 for 2 years at 10% per annum. 1. **Formula for Compound Interest:** \[ A = P \left(1 + \frac{r}{100}\right)^t \] where: - \( A \) = Amount after time \( t \) - \( P \) = Principal amount (Rs. 3000) - \( r \) = Rate of interest (10%) - \( t \) = Time (2 years) 2. **Substituting the values:** \[ A = 3000 \left(1 + \frac{10}{100}\right)^2 \] \[ A = 3000 \left(1 + 0.1\right)^2 = 3000 \left(1.1\right)^2 \] \[ A = 3000 \times 1.21 = 3630 \] 3. **Calculate the Compound Interest (CI):** \[ CI = A - P = 3630 - 3000 = 630 \] ### Step 2: Find the Simple Interest (SI) which is 50% of the Compound Interest. 1. **Calculate 50% of CI:** \[ SI = \frac{50}{100} \times CI = \frac{50}{100} \times 630 = 315 \] ### Step 3: Use the Simple Interest to find the sum "P". 1. **Formula for Simple Interest:** \[ SI = \frac{P \times r \times t}{100} \] where: - \( SI = 315 \) - \( r = 5\% \) - \( t = 4 \) years 2. **Substituting the values:** \[ 315 = \frac{P \times 5 \times 4}{100} \] \[ 315 = \frac{20P}{100} \] \[ 315 = \frac{P}{5} \] 3. **Solving for \( P \):** \[ P = 315 \times 5 = 1575 \] ### Conclusion: The sum "P" placed on simple interest is Rs. 1575. ---
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