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What sum lent at 10% per year on S.I. wi...

What sum lent at 10% per year on S.I. will amount to Rs. 450 in 2 years?

A

Rs. 375

B

Rs. 240

C

Rs. 350

D

Rs.280

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The correct Answer is:
To solve the problem of finding the principal sum lent at 10% per year on Simple Interest that will amount to Rs. 450 in 2 years, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Given Values:** - Total Amount (A) = Rs. 450 - Rate of Interest (R) = 10% per annum - Time (T) = 2 years 2. **Recall the Formula for Total Amount in Simple Interest:** The formula for the total amount (A) in Simple Interest is given by: \[ A = P + SI \] where \( SI \) (Simple Interest) can be calculated using: \[ SI = \frac{P \times R \times T}{100} \] Thus, we can rewrite the total amount formula as: \[ A = P + \frac{P \times R \times T}{100} \] 3. **Substitute the Known Values into the Formula:** Substitute \( A = 450 \), \( R = 10 \), and \( T = 2 \) into the equation: \[ 450 = P + \frac{P \times 10 \times 2}{100} \] 4. **Simplify the Equation:** Simplifying the interest term: \[ \frac{10 \times 2}{100} = \frac{20}{100} = 0.2 \] Therefore, the equation becomes: \[ 450 = P + 0.2P \] This can be combined as: \[ 450 = 1.2P \] 5. **Solve for Principal (P):** To find \( P \), divide both sides by 1.2: \[ P = \frac{450}{1.2} \] 6. **Calculate the Value:** Performing the division: \[ P = 375 \] ### Conclusion: The sum lent at 10% per year on Simple Interest that will amount to Rs. 450 in 2 years is **Rs. 375**.
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