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A sum of Rs. 1600 gives a simple interes...

A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 years and 4 months. The rate of interest per annum is:

A

0.06

B

`6(1)/(4)`%

C

`6(1)/(2)%`

D

`6(3)/(4)%`

Text Solution

AI Generated Solution

The correct Answer is:
To find the rate of interest per annum for the given problem, we can follow these steps: ### Step 1: Convert the time into years The time given is 2 years and 4 months. We need to convert the months into years. \[ \text{Time (T)} = 2 \text{ years} + \frac{4 \text{ months}}{12} = 2 + \frac{1}{3} = \frac{7}{3} \text{ years} \] ### Step 2: Identify the given values From the problem, we have: - Principal (P) = Rs. 1600 - Simple Interest (SI) = Rs. 252 - Time (T) = \(\frac{7}{3}\) years ### Step 3: Use the formula for rate of interest The formula for calculating the rate of interest (R) is: \[ R = \frac{100 \times SI}{P \times T} \] ### Step 4: Substitute the values into the formula Now, substituting the known values into the formula: \[ R = \frac{100 \times 252}{1600 \times \frac{7}{3}} \] ### Step 5: Simplify the expression First, calculate the denominator: \[ 1600 \times \frac{7}{3} = \frac{11200}{3} \] Now substituting back into the formula: \[ R = \frac{100 \times 252}{\frac{11200}{3}} = \frac{100 \times 252 \times 3}{11200} \] ### Step 6: Calculate the numerator Calculating the numerator: \[ 100 \times 252 \times 3 = 75600 \] ### Step 7: Divide the numerator by the denominator Now, we divide: \[ R = \frac{75600}{11200} \] ### Step 8: Simplify the fraction Now simplify: \[ R = \frac{75600 \div 11200}{11200 \div 11200} = \frac{27}{4} \] ### Step 9: Convert to percentage To convert to percentage: \[ R = 6.75 \text{ or } 6 \frac{3}{4} \text{ percent} \] ### Final Answer Thus, the rate of interest per annum is: \[ \boxed{6 \frac{3}{4} \text{ percent}} \] ---
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MAHENDRA-SIMPLE INTEREST & COMPOUND INTEREST-EXERCISE
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  14. What will be the compound interest on a sum of Rs. 25,000 after 3 year...

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  15. The compound interest on Rs. 20,480 at 6(1)/(4) % per annum for 2 year...

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  16. Sam invested Rs. 15000 @ 10% per annum for one year. If the interest i...

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  18. Find the compound interest on Rs. 15625 for 9 months at 16% per annum ...

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  19. In how many years will a sum of Rs. 800 at 10% per annum compounded se...

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