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If Rs. 4 becomes Rs. 10 in 50 years at s...

If Rs. 4 becomes Rs. 10 in 50 years at simple interest, the rate % p.a. is

A

5%

B

2.5%

C

3%

D

3.5%

Text Solution

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The correct Answer is:
To find the rate of interest per annum, we can use the formula for simple interest. The formula for calculating simple interest is: \[ \text{SI} = \frac{P \times R \times T}{100} \] Where: - SI = Simple Interest - P = Principal amount (initial amount) - R = Rate of interest per annum - T = Time (in years) ### Step-by-Step Solution: 1. **Identify the values**: - Principal (P) = Rs. 4 - Amount (A) after 50 years = Rs. 10 - Time (T) = 50 years 2. **Calculate the Simple Interest (SI)**: - The formula for the amount (A) is: \[ A = P + \text{SI} \] - Rearranging gives: \[ \text{SI} = A - P \] - Substitute the values: \[ \text{SI} = 10 - 4 = 6 \text{ Rs.} \] 3. **Substitute the known values into the SI formula**: - We know: \[ \text{SI} = \frac{P \times R \times T}{100} \] - Substitute SI, P, and T: \[ 6 = \frac{4 \times R \times 50}{100} \] 4. **Simplify the equation**: - Multiply both sides by 100 to eliminate the fraction: \[ 600 = 4 \times R \times 50 \] - Simplify the right side: \[ 600 = 200R \] 5. **Solve for R**: - Divide both sides by 200: \[ R = \frac{600}{200} = 3 \] 6. **Conclusion**: - The rate of interest per annum (R) is 3%. ### Final Answer: The rate of interest per annum is **3%**.
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