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The simple interest on a certain sum is ...

The simple interest on a certain sum is `11(1)/(9)`% of the sum and the number of years is equal to the rate percent per annum. What will be the simple interest on a sum of ₹ 12600 at the same rate for `2 (4)/(5)`years?

A

₹1216

B

₹1224

C

₹1176

D

₹1164

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will break down the information provided and apply the relevant formulas for simple interest. ### Step 1: Understand the Given Information We know that: - The simple interest (SI) on a certain sum is \( 11 \frac{1}{9} \% \) of the sum. - The number of years (T) is equal to the rate percent (R) per annum. ### Step 2: Convert the Percentage to a Fraction First, convert \( 11 \frac{1}{9} \% \) into a fraction: \[ 11 \frac{1}{9} = \frac{100}{9} \% \] This means that the simple interest is \( \frac{100}{9} \% \) of the principal (P). ### Step 3: Set Up the Simple Interest Formula The formula for simple interest is: \[ SI = \frac{P \times R \times T}{100} \] Since \( R = T \), we can rewrite this as: \[ SI = \frac{P \times T \times T}{100} = \frac{P \times T^2}{100} \] ### Step 4: Relate Simple Interest to the Given Percentage From the information given, we know that: \[ SI = \frac{100}{9} \% \text{ of } P = \frac{100}{9} \times \frac{P}{100} = \frac{P}{9} \] Now we have two expressions for SI: 1. \( SI = \frac{P \times T^2}{100} \) 2. \( SI = \frac{P}{9} \) ### Step 5: Set the Two Expressions Equal Equating the two expressions for SI: \[ \frac{P \times T^2}{100} = \frac{P}{9} \] We can cancel \( P \) from both sides (assuming \( P \neq 0 \)): \[ \frac{T^2}{100} = \frac{1}{9} \] ### Step 6: Solve for T Cross-multiplying gives: \[ 9T^2 = 100 \] \[ T^2 = \frac{100}{9} \] Taking the square root: \[ T = \frac{10}{3} \text{ years} \] ### Step 7: Calculate Simple Interest for the Given Principal Now, we need to calculate the simple interest on a sum of ₹ 12,600 for \( 2 \frac{4}{5} \) years at the same rate. First, convert \( 2 \frac{4}{5} \) years into an improper fraction: \[ 2 \frac{4}{5} = \frac{14}{5} \text{ years} \] ### Step 8: Determine the Rate Since \( T = \frac{10}{3} \) years, the rate \( R \) is also \( \frac{10}{3} \% \). ### Step 9: Apply the Simple Interest Formula Using the formula for simple interest: \[ SI = \frac{P \times R \times T}{100} \] Substituting \( P = 12600 \), \( R = \frac{10}{3} \), and \( T = \frac{14}{5} \): \[ SI = \frac{12600 \times \frac{10}{3} \times \frac{14}{5}}{100} \] ### Step 10: Simplify the Calculation Calculating the expression: \[ SI = \frac{12600 \times 10 \times 14}{3 \times 5 \times 100} \] \[ = \frac{12600 \times 140}{1500} \] \[ = \frac{1764000}{1500} = 1176 \] ### Final Answer The simple interest on the sum of ₹ 12,600 at the same rate for \( 2 \frac{4}{5} \) years is ₹ 1176.
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