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The difference between simple interset o...

The difference between simple interset on a certain sum at the rate of 6% per annum for 5 years and 6 years is 25.8. What is the sum (in Rs) ?

A

480

B

430

C

28

D

516

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will use the formula for Simple Interest (SI) and the information provided in the question. ### Step 1: Understand the Problem We need to find the principal amount (P) given that the difference in simple interest for 5 years and 6 years at a rate of 6% per annum is Rs. 25.8. ### Step 2: Write the Formula for Simple Interest 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 (in %) - \(T\) = Time (in years) ### Step 3: Calculate Simple Interest for 5 Years and 6 Years 1. For 6 years: \[ SI_1 = \frac{P \times 6 \times 6}{100} = \frac{36P}{100} \] 2. For 5 years: \[ SI_2 = \frac{P \times 6 \times 5}{100} = \frac{30P}{100} \] ### Step 4: Find the Difference in Simple Interest The difference between the simple interest for 6 years and 5 years is given as Rs. 25.8: \[ SI_1 - SI_2 = 25.8 \] Substituting the values we found: \[ \frac{36P}{100} - \frac{30P}{100} = 25.8 \] This simplifies to: \[ \frac{(36P - 30P)}{100} = 25.8 \] \[ \frac{6P}{100} = 25.8 \] ### Step 5: Solve for Principal (P) To isolate \(P\), multiply both sides by 100: \[ 6P = 25.8 \times 100 \] \[ 6P = 2580 \] Now, divide both sides by 6: \[ P = \frac{2580}{6} \] \[ P = 430 \] ### Final Answer The principal amount (P) is Rs. 430. ---
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