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Girija invested a certain amount at the rate of 12 p.c. p.a. for 6 years to obtain an amount of Rs. 34.400. How much amount did Girija obtain as simple interest?

A

Rs.14 .400

B

Rs.12,400

C

Rs. 15,400

D

Data inadequate.

Text Solution

AI Generated Solution

The correct Answer is:
To find out how much amount Girija obtained as simple interest, we can follow these steps: ### Step 1: Understand the formulas We need to use the formulas for Simple Interest (SI) and the total Amount (A): 1. Simple Interest (SI) = \( \frac{P \times R \times T}{100} \) 2. Amount (A) = Principal (P) + Simple Interest (SI) ### Step 2: Identify the given values From the question, we have: - Rate of Interest (R) = 12% per annum - Time (T) = 6 years - Amount (A) = Rs. 34,400 ### Step 3: Rearrange the Amount formula We can rearrange the Amount formula to express Principal (P) in terms of Simple Interest (SI): \[ A = P + SI \] So, we can write: \[ P = A - SI \] ### Step 4: Substitute the values into the SI formula We can substitute \( P \) from the rearranged formula into the SI formula: \[ SI = \frac{(A - SI) \times R \times T}{100} \] Substituting the known values: \[ SI = \frac{(34400 - SI) \times 12 \times 6}{100} \] ### Step 5: Simplify the equation First, calculate \( 12 \times 6 = 72 \): \[ SI = \frac{(34400 - SI) \times 72}{100} \] Now, multiply both sides by 100 to eliminate the fraction: \[ 100 \times SI = (34400 - SI) \times 72 \] ### Step 6: Expand and rearrange the equation Expanding the right side: \[ 100 \times SI = 34400 \times 72 - SI \times 72 \] Now, add \( SI \times 72 \) to both sides: \[ 100 \times SI + 72 \times SI = 34400 \times 72 \] Combine like terms: \[ 172 \times SI = 34400 \times 72 \] ### Step 7: Calculate the right side Now, calculate \( 34400 \times 72 \): \[ 34400 \times 72 = 2476800 \] So, we have: \[ 172 \times SI = 2476800 \] ### Step 8: Solve for SI Now, divide both sides by 172 to find SI: \[ SI = \frac{2476800}{172} \] Calculating this gives: \[ SI = 14400 \] ### Conclusion Thus, the amount Girija obtained as simple interest is **Rs. 14,400**. ---
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