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The compound interest on a certain sum i...

The compound interest on a certain sum in 6 years is 4000 and compound interest of same sum in 12 years become 9600. Then find the sum?

A

₹ 12000

B

₹8000

C

₹ 10000

D

₹9600

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The correct Answer is:
To solve the problem of finding the principal sum based on the given compound interest over different time periods, we can follow these steps: ### Step 1: Understand the given information We know: - Compound Interest (CI) for 6 years = 4000 - Compound Interest (CI) for 12 years = 9600 ### Step 2: Calculate the Compound Interest for the additional 6 years The difference in compound interest between 6 years and 12 years will give us the compound interest for the additional 6 years. \[ \text{CI for 12 years} - \text{CI for 6 years} = 9600 - 4000 = 5600 \] ### Step 3: Relate the Compound Interest to the Principal The compound interest for the first 6 years is 4000, and the compound interest for the next 6 years (from year 6 to year 12) is 5600. Let the principal amount be \( P \) and the rate of interest be \( r \). The formula for compound interest is given by: \[ A = P \left(1 + \frac{r}{100}\right)^n \] Where: - \( A \) = Amount after \( n \) years - \( P \) = Principal - \( r \) = Rate of interest - \( n \) = Number of years ### Step 4: Set up the equations for the two time periods 1. For 6 years: \[ A_6 = P \left(1 + \frac{r}{100}\right)^6 \] The compound interest for 6 years is: \[ CI_6 = A_6 - P = 4000 \implies A_6 = P + 4000 \] 2. For 12 years: \[ A_{12} = P \left(1 + \frac{r}{100}\right)^{12} \] The compound interest for 12 years is: \[ CI_{12} = A_{12} - P = 9600 \implies A_{12} = P + 9600 \] ### Step 5: Relate the two equations From the two equations for \( A_6 \) and \( A_{12} \), we can set them equal to each other since they both represent the same principal amount compounded over different years: \[ P \left(1 + \frac{r}{100}\right)^{12} = P + 9600 \] \[ P \left(1 + \frac{r}{100}\right)^6 = P + 4000 \] ### Step 6: Divide the two equations To eliminate \( P \), we can divide the second equation by the first: \[ \frac{P \left(1 + \frac{r}{100}\right)^{12}}{P \left(1 + \frac{r}{100}\right)^{6}} = \frac{P + 9600}{P + 4000} \] This simplifies to: \[ \left(1 + \frac{r}{100}\right)^6 = \frac{P + 9600}{P + 4000} \] ### Step 7: Substitute and solve for \( P \) Let \( x = 1 + \frac{r}{100} \). Then we have: \[ x^6 = \frac{P + 9600}{P + 4000} \] Now we can express \( P \) in terms of \( x \): \[ P + 9600 = x^6 (P + 4000) \] Expanding and rearranging gives us: \[ P + 9600 = x^6 P + 4000 x^6 \] \[ P - x^6 P = 4000 x^6 - 9600 \] \[ P (1 - x^6) = 4000 x^6 - 9600 \] \[ P = \frac{4000 x^6 - 9600}{1 - x^6} \] ### Step 8: Solve for \( r \) and \( P \) To find \( P \), we need to determine \( r \) from the previous equations. We can use the known values of compound interest to find \( r \) and then substitute back to find \( P \). ### Step 9: Final Calculation After solving for \( r \) and substituting back into the equations, we can find the value of \( P \). ### Conclusion The principal sum \( P \) can be calculated through the above steps, leading to the final answer. ---
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