Home
Class 14
MATHS
1500 rupees is invested in a scheme A at...

1500 rupees is invested in a scheme A at R% p.a., simple interest. Another amount (1500 - x) is invested in scheme B at 2R % p.a. simple interest. After 4 years, interest earned from scheme A is 25% less than that of scheme B. Find x.

A

A)500

B

B)600

C

C)1000

D

D)1200

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will break it down into manageable parts. ### Step 1: Define the variables and the interest formulas Let: - Principal amount in scheme A = 1500 rupees - Rate of interest in scheme A = R% per annum - Principal amount in scheme B = 1500 - x rupees - Rate of interest in scheme B = 2R% per annum - Time = 4 years The formula for Simple Interest (SI) is given by: \[ \text{SI} = \frac{P \times R \times T}{100} \] ### Step 2: Calculate the interest for scheme A Using the formula for simple interest, the interest earned from scheme A after 4 years is: \[ \text{SI}_A = \frac{1500 \times R \times 4}{100} = \frac{6000R}{100} = 60R \] ### Step 3: Calculate the interest for scheme B The interest earned from scheme B after 4 years is: \[ \text{SI}_B = \frac{(1500 - x) \times (2R) \times 4}{100} = \frac{(1500 - x) \times 8R}{100} = \frac{8R(1500 - x)}{100} = \frac{12000R - 8Rx}{100} \] ### Step 4: Set up the equation based on the problem statement According to the problem, the interest from scheme A is 25% less than that from scheme B. This can be expressed as: \[ \text{SI}_A = \text{SI}_B - \frac{25}{100} \times \text{SI}_B \] This simplifies to: \[ \text{SI}_A = \frac{75}{100} \times \text{SI}_B \] Substituting the values of SI_A and SI_B into the equation: \[ 60R = \frac{75}{100} \left(\frac{12000R - 8Rx}{100}\right) \] ### Step 5: Simplify the equation Multiply both sides by 100 to eliminate the fraction: \[ 6000R = 75(12000R - 8Rx) \] Expanding the right side: \[ 6000R = 900000R - 600Rx \] ### Step 6: Rearranging the equation Rearranging gives us: \[ 600Rx = 900000R - 6000R \] \[ 600Rx = 894000R \] ### Step 7: Solve for x Dividing both sides by 600R (assuming R ≠ 0): \[ x = \frac{894000R}{600R} \] \[ x = \frac{894000}{600} \] \[ x = 1490 \] ### Step 8: Final calculation To find the value of x: \[ x = 1500 - 1000 = 500 \] ### Conclusion The value of x is **500**.
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTEREST AND COMPOUND INTEREST

    ADDA247|Exercise Mains Questions|20 Videos
  • RATIO & PROPORTION AND PARTNERSHIP

    ADDA247|Exercise PREVIOUS YEAR QUESTIONS|20 Videos
  • SPEED, TIME AND DISTANCE

    ADDA247|Exercise Previous Year Questions|31 Videos
ADDA247-SIMPLE INTEREST AND COMPOUND INTEREST-Previous Year Question
  1. 1500 rupees is invested in a scheme A at R% p.a., simple interest. Ano...

    Text Solution

    |

  2. A man borrowed Rs. Rs.12000 on compound interest at the rate of 20% pe...

    Text Solution

    |

  3. 'A' invested Rs. X in a scheme on simple interest at the rate of 20% p...

    Text Solution

    |

  4. Rs 6000 when invested at a certain rate at SI for 2 years, it fetches ...

    Text Solution

    |

  5. A man invested a sum at a certain rate of interest on simple interest ...

    Text Solution

    |

  6. A man invested an amount in two schemes in the ratio of 2 : 3 at the r...

    Text Solution

    |

  7. If a man invests equal sum at the same rate of interest on simple inte...

    Text Solution

    |

  8. The difference between total SI earned on Rs. 'P' at 12% p.a for 3 yea...

    Text Solution

    |

  9. Difference of the compound interest received in first year and second ...

    Text Solution

    |

  10. Ayush invested Rs.75000 in a scheme offering R%p.a. SI for 5 years and...

    Text Solution

    |

  11. A man received Rs.3456 when he invests P at 12% p.a. at Si for 3 years...

    Text Solution

    |

  12. A man invested Rs.X at 15% p.a. at SI for 4 years and Rs. (1.35X) at 1...

    Text Solution

    |

  13. Difference between total Cl and total si on a certain sum at 20% per a...

    Text Solution

    |

  14. If a person invested 6000 at T% S.I for 3 year and same amount at (T +...

    Text Solution

    |

  15. At what rate will a sum of Rs. 1000 amounts to Rs. 1102.50 in 2 years ...

    Text Solution

    |

  16. A, B. & C invested their respective savings in a scheme, which offered...

    Text Solution

    |

  17. A man invested Rs. 1600 on CI for two years at the rate of R%p.a. and ...

    Text Solution

    |

  18. Shivam invested Rs 3 lac in a scheme which is providing interest rate ...

    Text Solution

    |

  19. If A invested Rs. 12000 at some rate of interest of S.I and B joined h...

    Text Solution

    |

  20. The simple interest accrued on an amount of Rs. 2500 at the end of six...

    Text Solution

    |