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The simple interset on a certain sum at ...

The simple interset on a certain sum at 5% per annum for 3 years and 4 years differ by Rs 42. The sum is :

A

Rs 210

B

Rs 280

C

Rs 750

D

Rs 840

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the principal amount (sum) based on the information given about the simple interest for two different time periods. ### Step-by-Step Solution: 1. **Understand the Formula for Simple Interest (SI)**: The formula for calculating simple interest is: \[ SI = \frac{P \times R \times T}{100} \] where \( P \) is the principal amount, \( R \) is the rate of interest per annum, and \( T \) is the time in years. 2. **Set Up the Equation for the Given Time Periods**: Let the principal amount be \( P \). - For 3 years, the simple interest will be: \[ SI_3 = \frac{P \times 5 \times 3}{100} = \frac{15P}{100} = 0.15P \] - For 4 years, the simple interest will be: \[ SI_4 = \frac{P \times 5 \times 4}{100} = \frac{20P}{100} = 0.20P \] 3. **Set Up the Equation Based on the Difference**: According to the problem, the difference in simple interest for 4 years and 3 years is Rs 42: \[ SI_4 - SI_3 = 42 \] Substituting the expressions for \( SI_4 \) and \( SI_3 \): \[ 0.20P - 0.15P = 42 \] 4. **Simplify the Equation**: \[ 0.05P = 42 \] 5. **Solve for \( P \)**: To find \( P \), divide both sides by 0.05: \[ P = \frac{42}{0.05} = 840 \] 6. **Conclusion**: The principal amount (sum) is Rs 840. ### Final Answer: The sum is Rs 840.
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