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At 6% simple interest per annum a certai...

At 6% simple interest per annum a certain sum yields a total amount of Rs 3,228 at the end of `5 "" (3)/(4)` years . What was the sum invested ?

A

Rs 2, 550

B

Rs 2,660

C

Rs 2,350

D

Rs 2,400

Text Solution

AI Generated Solution

The correct Answer is:
To find the sum invested (the principal), we can use the formula for the amount in simple interest: \[ A = P \left(1 + \frac{RT}{100}\right) \] Where: - \( A \) is the total amount after time \( T \) - \( P \) is the principal amount (the sum invested) - \( R \) is the rate of interest per annum - \( T \) is the time in years ### Step-by-step Solution: 1. **Identify the given values:** - Total amount \( A = 3228 \) - Rate of interest \( R = 6\% \) - Time \( T = 5 \frac{3}{4} \) years 2. **Convert the time into an improper fraction:** - \( T = 5 \frac{3}{4} = \frac{23}{4} \) years 3. **Substitute the values into the formula:** \[ 3228 = P \left(1 + \frac{6 \times \frac{23}{4}}{100}\right) \] 4. **Calculate the interest factor:** - First, calculate \( \frac{6 \times \frac{23}{4}}{100} \): \[ \frac{6 \times 23}{4 \times 100} = \frac{138}{400} = \frac{69}{200} \] - Now substitute back into the equation: \[ 3228 = P \left(1 + \frac{69}{200}\right) \] - Convert \( 1 \) into a fraction: \[ 1 = \frac{200}{200} \] - Thus: \[ 3228 = P \left(\frac{200 + 69}{200}\right) = P \left(\frac{269}{200}\right) \] 5. **Rearranging to find \( P \):** \[ P = \frac{3228 \times 200}{269} \] 6. **Calculate \( P \):** - First, calculate \( 3228 \times 200 \): \[ 3228 \times 200 = 645600 \] - Now divide by \( 269 \): \[ P = \frac{645600}{269} \approx 2400 \] 7. **Conclusion:** - The sum invested (the principal) is \( Rs 2400 \).
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