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An amount fetched a total simple interse...

An amount fetched a total simple interset of Rs. 3200 at the rate of 6.25 % per year in 4 years. What is the amount (in Rs) ?

A

13800

B

11800

C

12800

D

14800

Text Solution

AI Generated Solution

The correct Answer is:
To find the total amount when given the simple interest, we can use the formula for simple interest and the relationship between principal, interest, and total amount. **Step 1: Understand the formula for Simple Interest (SI)** The formula for Simple Interest is: \[ SI = \frac{P \times R \times T}{100} \] Where: - \( SI \) = Simple Interest - \( P \) = Principal amount - \( R \) = Rate of interest per year - \( T \) = Time in years **Step 2: Identify the given values** From the question, we have: - \( SI = 3200 \) Rs - \( R = 6.25\% \) - \( T = 4 \) years **Step 3: Calculate the Principal (P)** We can rearrange the formula to find the principal: \[ P = \frac{SI \times 100}{R \times T} \] Substituting the values we have: \[ P = \frac{3200 \times 100}{6.25 \times 4} \] **Step 4: Calculate the denominator** First, calculate \( 6.25 \times 4 \): \[ 6.25 \times 4 = 25 \] **Step 5: Substitute back into the formula** Now substitute this value back into the equation for \( P \): \[ P = \frac{3200 \times 100}{25} \] **Step 6: Perform the multiplication and division** Calculate \( 3200 \times 100 = 320000 \). Now divide by 25: \[ P = \frac{320000}{25} = 12800 \] **Step 7: Calculate the Total Amount (A)** The total amount \( A \) can be calculated using: \[ A = P + SI \] Substituting the values we found: \[ A = 12800 + 3200 = 16000 \] Thus, the total amount is: \[ A = 16000 \text{ Rs} \] ### Final Answer: The amount is Rs. 16000. ---
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An amount fetched a total simple interest of Rs. 3200 at the rate of 6.25% per year in 4 years. What is the amount (in Rs)?

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