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The simple interest on a certain sum for...

The simple interest on a certain sum for 8 months at 4% per annum is Rs 129 less than the simple interest on the same sum for 15 months at 5% pr annum. The sum is :

A

Rs 2,580

B

Rs, 2400

C

Rs, 2529

D

Rs 3600

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The correct Answer is:
To solve the problem step by step, we need to find the sum (principal amount) based on the information given about simple interest. ### Step 1: Understand the formula for Simple Interest The formula for calculating simple interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] Where: - \( P \) = Principal amount (the sum we need to find) - \( R \) = Rate of interest (in percentage) - \( T \) = Time (in years) ### Step 2: Set up the equations based on the problem We have two scenarios given in the problem: 1. Simple Interest for 8 months at 4% per annum: - Convert 8 months to years: \( T_1 = \frac{8}{12} = \frac{2}{3} \) years - The interest can be expressed as: \[ SI_1 = \frac{P \times 4 \times \frac{2}{3}}{100} = \frac{8P}{300} = \frac{2P}{75} \] 2. Simple Interest for 15 months at 5% per annum: - Convert 15 months to years: \( T_2 = \frac{15}{12} = \frac{5}{4} \) years - The interest can be expressed as: \[ SI_2 = \frac{P \times 5 \times \frac{5}{4}}{100} = \frac{25P}{400} = \frac{5P}{80} \] ### Step 3: Set up the equation based on the relationship given According to the problem, the simple interest for 8 months at 4% is Rs 129 less than the simple interest for 15 months at 5%. This can be expressed as: \[ SI_1 + 129 = SI_2 \] Substituting the expressions for \( SI_1 \) and \( SI_2 \): \[ \frac{2P}{75} + 129 = \frac{5P}{80} \] ### Step 4: Clear the fractions by finding a common denominator The least common multiple of 75 and 80 is 600. Multiply the entire equation by 600 to eliminate the denominators: \[ 600 \left( \frac{2P}{75} \right) + 600 \times 129 = 600 \left( \frac{5P}{80} \right) \] This simplifies to: \[ 16 \times 2P + 77400 = 7.5 \times 5P \] Which can be rewritten as: \[ 32P + 77400 = 37.5P \] ### Step 5: Rearrange the equation to isolate P Rearranging gives: \[ 37.5P - 32P = 77400 \] \[ 5.5P = 77400 \] ### Step 6: Solve for P Now, divide both sides by 5.5: \[ P = \frac{77400}{5.5} = 14000 \] ### Conclusion The sum (principal amount) is Rs 14000.
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