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Abhishek invested a certain some at the ...

Abhishek invested a certain some at the rate of certain interest rate. If he had invested at the rate of 4% more then he would have got Rs 800 more. Find the investment?

A

8000

B

6000

C

5000

D

4000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to use the formula for Simple Interest (SI), which is given by: \[ SI = \frac{P \times R \times T}{100} \] Where: - \(SI\) = Simple Interest - \(P\) = Principal amount (the initial investment) - \(R\) = Rate of interest per annum - \(T\) = Time in years ### Step 1: Set up the equations Let: - \(P\) = Principal amount (the investment) - \(R\) = Original rate of interest - \(T\) = Time period (in years) From the problem, we know that if the rate of interest is increased by 4%, the interest earned would increase by Rs 800. 1. The interest earned at the original rate \(R\) for time \(T\) is: \[ SI_1 = \frac{P \times R \times T}{100} \] 2. The interest earned at the increased rate \(R + 4\%\) for the same time \(T\) is: \[ SI_2 = \frac{P \times (R + 4) \times T}{100} \] According to the problem, the difference between these two interests is Rs 800: \[ SI_2 - SI_1 = 800 \] ### Step 2: Substitute the equations Substituting the expressions for \(SI_1\) and \(SI_2\) into the equation gives: \[ \frac{P \times (R + 4) \times T}{100} - \frac{P \times R \times T}{100} = 800 \] ### Step 3: Simplify the equation Now, simplify the left side: \[ \frac{P \times (R + 4 - R) \times T}{100} = 800 \] \[ \frac{P \times 4 \times T}{100} = 800 \] ### Step 4: Solve for \(P\) Now, we can solve for \(P\): \[ P \times 4 \times T = 800 \times 100 \] \[ P \times 4 \times T = 80000 \] \[ P = \frac{80000}{4T} \] \[ P = \frac{20000}{T} \] ### Step 5: Conclusion The investment \(P\) depends on the time \(T\). Without knowing the time period, we cannot find a specific numerical value for \(P\). However, we can express the investment in terms of \(T\): \[ P = \frac{20000}{T} \]
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