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A sum of Rs 95 amounts to Rs 105 in 3 ye...

A sum of Rs 95 amounts to Rs 105 in 3 years at a certain rate of simple interest. In 5 years, at the same rate of interest, what will a sum of Rs 171 amount to:

A

Rs 201

B

Rs 175

C

Rs 215

D

Rs 189

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AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's follow the process of calculating the simple interest and the amount for the given principal. ### Step 1: Calculate the Simple Interest for the First Scenario We know that: - Principal (P) = Rs 95 - Amount (A) = Rs 105 - Time (T) = 3 years First, we calculate the Simple Interest (SI): \[ SI = A - P \] \[ SI = 105 - 95 = 10 \text{ Rs} \] ### Step 2: Calculate the Rate of Interest Using the formula for Simple Interest: \[ SI = \frac{P \times R \times T}{100} \] Where: - SI = Simple Interest - P = Principal - R = Rate of Interest (in %) - T = Time (in years) Substituting the known values: \[ 10 = \frac{95 \times R \times 3}{100} \] Now, rearranging to find R: \[ 10 = \frac{285R}{100} \] \[ 1000 = 285R \] \[ R = \frac{1000}{285} \approx 3.51\% \] ### Step 3: Calculate the Simple Interest for the New Principal Now we have a new principal: - New Principal (P) = Rs 171 - Time (T) = 5 years Using the same rate (R) we calculated: \[ SI = \frac{P \times R \times T}{100} \] Substituting the values: \[ SI = \frac{171 \times \frac{1000}{285} \times 5}{100} \] \[ SI = \frac{171 \times 1000 \times 5}{28500} \] \[ SI = \frac{855000}{28500} = 30 \text{ Rs} \] ### Step 4: Calculate the Total Amount Now, we can find the total amount (A) using: \[ A = P + SI \] Substituting the values: \[ A = 171 + 30 = 201 \text{ Rs} \] ### Conclusion Thus, the amount that Rs 171 will amount to in 5 years at the same rate of interest is **Rs 201**.
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