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Ram lent 3 persons A, B and C at the rat...

Ram lent 3 persons A, B and C at the rate of 15%,12% and 10% respectively. If he gets Rs 960 at the end of year then find the amount lent to A?

A

Rs 1680

B

Rs 1550

C

Rs 1920

D

Rs 2020

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The correct Answer is:
To solve the problem step by step, we need to find the amount lent to person A. We know that Ram lent money to three persons A, B, and C at different interest rates and received a total of Rs 960 as interest at the end of the year. ### Step 1: Understand the Simple Interest Formula The formula for Simple Interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] Where: - \(SI\) = Simple Interest - \(P\) = Principal amount (the amount lent) - \(R\) = Rate of interest (in percentage) - \(T\) = Time (in years) ### Step 2: Set Up the Equation for Total Interest Let: - \(A\) = Amount lent to person A - \(B\) = Amount lent to person B - \(C\) = Amount lent to person C The interest earned from each person can be expressed as: - Interest from A = \(\frac{A \times 15 \times 1}{100} = 0.15A\) - Interest from B = \(\frac{B \times 12 \times 1}{100} = 0.12B\) - Interest from C = \(\frac{C \times 10 \times 1}{100} = 0.10C\) The total interest earned from all three persons is given as Rs 960: \[ 0.15A + 0.12B + 0.10C = 960 \] ### Step 3: Express the Amounts Lent We do not have the exact amounts lent to B and C, so we need to express them in terms of A. However, we can assume that the total amount lent (let's denote it as \(P\)) is the sum of amounts lent to A, B, and C: \[ P = A + B + C \] ### Step 4: Solve for A Since we need to find the amount lent to A, we can express B and C in terms of A. For simplicity, let's assume that Ram lent equal amounts to B and C. Thus, we can express: \[ B = C = x \] Then we can write: \[ P = A + x + x = A + 2x \] Substituting this into the interest equation: \[ 0.15A + 0.12x + 0.10x = 960 \] \[ 0.15A + 0.22x = 960 \] ### Step 5: Solve for x in terms of A From the equation \(P = A + 2x\), we can express \(x\) as: \[ x = \frac{P - A}{2} \] Now substitute \(x\) back into the interest equation: \[ 0.15A + 0.22\left(\frac{P - A}{2}\right) = 960 \] ### Step 6: Rearrange and Solve This equation can be rearranged and solved for \(A\) once we have a value for \(P\). However, without additional information about the total amount lent or the specific amounts lent to B and C, we cannot isolate \(A\) directly. ### Conclusion To find the exact amount lent to A, we need more information about either the total amount lent or the amounts lent to B and C.
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MOTHERS-SIMPLE INTEREST -CLASS ROOM EXERCISE
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  2. Rs 2500 is lent partially on 8% per annum simple interest and 5% per a...

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  3. Ram lent 3 persons A, B and C at the rate of 15%,12% and 10% respectiv...

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  4. A certain amount becomes 3 times in 4 years on simple interest. In wha...

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  5. A sum of money double itself in 5 years com pounded annually. It will ...

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  6. In how much time, Rs. 20000 will amount to 24500 at the rate of 5% int...

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  7. If amount of Rs 21000 becomes 30000 in certain time period with rate o...

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  8. If amount of Rs 8000 becomes 12000 in certain time period with rate of...

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  9. A certain sum doubles in 7 years at simple interest the same sum under...

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  10. If a sum of money diposited in a bank at simple interest is double in ...

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  11. If the simple interest for 4 year be equal to 20% of the principal it ...

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  12. A certain sum is invested for certain time. It amount to 3500 at 10% p...

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  13. Sunita divide a sum of money in 3 parts and deposit these in 3 differe...

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  14. A sum of money Rs 1750 is divided in 2 parts such tha the simple inter...

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  15. Ratio of a certain sum and simple interest at a rate of interest 10% p...

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  16. In how many years Rs 1860 will become Rs 2,641.20 at rate of simple in...

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  17. In what time a sum will double itself at 12% annual rate of simple int...

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  18. In a special plan, a sum invested at rate of simple interest becomes t...

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  19. S.I. on a certain sum is equal to the same sum. Accordingly what will ...

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  20. S.I. on a sum is 9/16 of its principal. Accord ingly if the no. of ann...

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