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Veer invested Rs 22500 for 2 year at the...

Veer invested Rs 22500 for 2 year at the Rate of r% in scheme A at compound interest annually and gets a total amount of Rs 32400 If he added Rs 2600 in this amount and invested total amount in scheme B at S.I, for 3 year at same rate. Then find the total simple interest veer gets from scheme B?

A

Rs 22500

B

Rs 22000

C

Rs 17500

D

Rs. 21000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the process outlined in the video transcript while ensuring clarity in each step. ### Step 1: Determine the Rate of Interest (r%) Veer invested Rs 22,500 for 2 years at compound interest and received a total amount of Rs 32,400. We can use the formula for compound interest: \[ A = P \left(1 + \frac{r}{100}\right)^t \] Where: - \( A \) = Total amount after time \( t \) - \( P \) = Principal amount (initial investment) - \( r \) = Rate of interest per annum - \( t \) = Time in years Substituting the known values: \[ 32,400 = 22,500 \left(1 + \frac{r}{100}\right)^2 \] ### Step 2: Simplify the Equation To simplify, divide both sides by 22,500: \[ \frac{32,400}{22,500} = \left(1 + \frac{r}{100}\right)^2 \] Calculating the left side: \[ \frac{32,400}{22,500} = 1.44 \] Thus, we have: \[ 1.44 = \left(1 + \frac{r}{100}\right)^2 \] ### Step 3: Take the Square Root Taking the square root of both sides gives: \[ \sqrt{1.44} = 1 + \frac{r}{100} \] Calculating the square root: \[ 1.2 = 1 + \frac{r}{100} \] ### Step 4: Solve for r Subtract 1 from both sides: \[ 0.2 = \frac{r}{100} \] Multiplying both sides by 100: \[ r = 20\% \] ### Step 5: Calculate the Total Amount for Scheme B Veer adds Rs 2,600 to the total amount received from Scheme A. The total amount now is: \[ 32,400 + 2,600 = 35,000 \] ### Step 6: Calculate Simple Interest for Scheme B Now, Veer invests Rs 35,000 in Scheme B at a simple interest rate of 20% for 3 years. The formula for simple interest (SI) is: \[ SI = \frac{P \times r \times t}{100} \] Substituting the values: \[ SI = \frac{35,000 \times 20 \times 3}{100} \] ### Step 7: Simplify the Calculation Calculating the SI: \[ SI = \frac{35,000 \times 60}{100} = \frac{2,100,000}{100} = 21,000 \] ### Final Answer The total simple interest Veer gets from Scheme B is **Rs 21,000**. ---
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