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What is the rate of simple interest per ...

What is the rate of simple interest per annum ?
I. The sum triples in 20 years at simle interest.
II. The difference between the sum and the simple interest earned after 10 years is Rs. 1000.

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To determine the rate of simple interest per annum, we will analyze the two statements provided. ### Step-by-Step Solution: **Step 1: Analyze Statement I** - The statement says that the sum triples in 20 years at simple interest. - Let the principal amount be \( P \). - The total amount after 20 years is \( 3P \). - The formula for the total amount in simple interest is given by: \[ \text{Total Amount} = \text{Principal} + \text{Simple Interest} \] Thus, we can write: \[ 3P = P + \text{Simple Interest} \] - Rearranging gives: \[ 3P - P = \text{Simple Interest} \implies 2P = \text{Simple Interest} \] - The formula for simple interest is: \[ \text{Simple Interest} = \frac{P \times R \times T}{100} \] where \( R \) is the rate of interest and \( T \) is the time in years. - For \( T = 20 \) years, we have: \[ 2P = \frac{P \times R \times 20}{100} \] - Simplifying this: \[ 2P = \frac{P \times R \times 20}{100} \implies 2 = \frac{R \times 20}{100} \] - Multiplying both sides by 100: \[ 200 = R \times 20 \] - Dividing by 20: \[ R = 10\% \] **Conclusion from Statement I**: This statement is sufficient to determine the rate of simple interest. --- **Step 2: Analyze Statement II** - The statement says that the difference between the sum and the simple interest earned after 10 years is Rs. 1000. - The simple interest earned in 10 years is given by: \[ \text{Simple Interest} = \frac{P \times R \times 10}{100} \] - The total amount after 10 years is: \[ \text{Total Amount} = P + \text{Simple Interest} = P + \frac{P \times R \times 10}{100} \] - The difference between the total amount and the simple interest is: \[ \left( P + \frac{P \times R \times 10}{100} \right) - \frac{P \times R \times 10}{100} = P \] - According to the statement, this difference is Rs. 1000: \[ P = 1000 \] - However, this gives us the principal amount but does not provide any information about the rate of interest \( R \). We cannot determine \( R \) from this statement alone. **Conclusion from Statement II**: This statement is not sufficient to determine the rate of simple interest. --- ### Final Conclusion: - Statement I is sufficient to determine the rate of simple interest. - Statement II is not sufficient to determine the rate of simple interest. Thus, the answer is that **only Statement I is sufficient**.
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