Home
Class 14
MATHS
6000 becomes 7200in 4 Years at certain r...

6000 becomes 7200in 4 Years at certain rate of interest. If the rate of interest becomes 1.5 times then find the amount?

A

Rs 7800

B

Rs 8600

C

Rs 8400

D

Rs 8500

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Identify the given values - Principal (P) = 6000 - Amount (A) = 7200 - Time (T) = 4 years ### Step 2: Calculate the Simple Interest (SI) We can find the Simple Interest using the formula: \[ SI = A - P \] Substituting the values: \[ SI = 7200 - 6000 = 1200 \] ### Step 3: Use the Simple Interest formula to find the rate of interest (R) The formula for Simple Interest is: \[ SI = \frac{P \times R \times T}{100} \] We can rearrange this to find R: \[ R = \frac{SI \times 100}{P \times T} \] Substituting the known values: \[ R = \frac{1200 \times 100}{6000 \times 4} \] Calculating the right side: \[ R = \frac{120000}{24000} = 5\% \] ### Step 4: Calculate the new rate of interest The new rate of interest is 1.5 times the original rate: \[ R_{new} = 5\% \times 1.5 = 7.5\% \] ### Step 5: Calculate the new Simple Interest (SI) with the new rate Using the same formula for Simple Interest: \[ SI_{new} = \frac{P \times R_{new} \times T}{100} \] Substituting the values: \[ SI_{new} = \frac{6000 \times 7.5 \times 4}{100} \] Calculating: \[ SI_{new} = \frac{180000}{100} = 1800 \] ### Step 6: Calculate the new amount (A) The new amount can be calculated by adding the new Simple Interest to the principal: \[ A_{new} = P + SI_{new} \] Substituting the values: \[ A_{new} = 6000 + 1800 = 7800 \] ### Final Answer The new amount is **7800**. ---
Promotional Banner

Topper's Solved these Questions

  • SIMPLE & COMPOUND INTEREST

    MOTHERS|Exercise SSG CPO EXAMS, 2018, EXAM DATE: 11 JULY 2019 SHIFT III|1 Videos
  • TIME & DISTANCE

    MOTHERS|Exercise Multiple Choice Question|80 Videos

Similar Questions

Explore conceptually related problems

Rs 6000 becomes Rs 7200 in 4 years at a certain rate of simple interest. If the rate becomes 1.5 times of itself, the amount of the same principal in 5 years will be (a) Rs 8000 (b) Rs 8250 (c) Rs 9000 (d) Rs 9250

MOTHERS-SIMPLE INTEREST -CLASS ROOM EXERCISE
  1. What would be the final amount when 5% rate of interest is given 2000 ...

    Text Solution

    |

  2. 5000 becomes 5750 in 4 Years at certain rate of interest. If the rate ...

    Text Solution

    |

  3. 6000 becomes 7200in 4 Years at certain rate of interest. If the rate o...

    Text Solution

    |

  4. 6000 becomes 9000 in 4 Years at certain rate of interest. If the rate ...

    Text Solution

    |

  5. 7500 becomes 9000 in 3 Years at certain rate of interest. If the rate ...

    Text Solution

    |

  6. 12000 becomes 21000 in 3 Years at certain rate of interest. If the rat...

    Text Solution

    |

  7. 12000 is lent at rate of 15% simple interest on 29 January 1987 and a ...

    Text Solution

    |

  8. A certain amount becomes 2200 at rate of 5% in certain time period and...

    Text Solution

    |

  9. A certain amount becomes Rs 2800 in 3 years and Rs 3000 in 5 years. Fi...

    Text Solution

    |

  10. A sum of Rs 800 becomes Rs 956 at a certain rate of simple interest in...

    Text Solution

    |

  11. A sum becomes from Rs 2400 to Rs 3264 in 4 years at rate of simple int...

    Text Solution

    |

  12. Rs 5,000 amounts to Rs 5,700 in one year. AC cordingly, what will be t...

    Text Solution

    |

  13. A person purchase a T.V. of price Rs 16000. He pays Rs 4000 cash down ...

    Text Solution

    |

  14. Rs 1,00,000 is kept for a boy of 12 years undera trust. Trustee invest...

    Text Solution

    |

  15. Tushar borrowed Rs 12,000 from a money lender at rate 15% per annum as...

    Text Solution

    |

  16. 2400 rupees become 3264 after '4' years of S.I. If rate of interest in...

    Text Solution

    |

  17. A certain amount earns simple interest of Rs 1200 after 10 years. Had ...

    Text Solution

    |

  18. Mr. Sumit makes a fixed deposit of Rs 20,000 with the state bank of In...

    Text Solution

    |

  19. Anish gets a Rs 5000 loan for 90 days at 11% interest. Supposing he ha...

    Text Solution

    |

  20. A sum of Rs 15,000 is lent out in two parts in such a way that the sim...

    Text Solution

    |