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If a man invests equal sum at the same r...

If a man invests equal sum at the same rate of interest on simple interest for T and T+4 years and the respective ratio of interest gets by man is 1:2 respectively, then find 'T'?

A

6

B

2

C

5

D

4

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will use the formula for Simple Interest (SI) and the information given in the question. ### Step 1: Understand the formula for Simple Interest The formula for Simple Interest is given by: \[ SI = \frac{P \times R \times T}{100} \] Where: - \( SI \) = Simple Interest - \( P \) = Principal amount (the initial sum of money) - \( R \) = Rate of interest per annum - \( T \) = Time in years ### Step 2: Set up the equations based on the problem According to the problem, the man invests the same principal amount \( P \) at the same rate \( R \) for two different time periods: \( T \) years and \( T + 4 \) years. The ratio of the interests earned in these two periods is given as \( 1:2 \). Let’s denote: - Interest for \( T \) years: \[ SI_1 = \frac{P \times R \times T}{100} \] - Interest for \( T + 4 \) years: \[ SI_2 = \frac{P \times R \times (T + 4)}{100} \] ### Step 3: Write the ratio of the interests According to the problem, we have: \[ \frac{SI_1}{SI_2} = \frac{1}{2} \] Substituting the expressions for \( SI_1 \) and \( SI_2 \): \[ \frac{\frac{P \times R \times T}{100}}{\frac{P \times R \times (T + 4)}{100}} = \frac{1}{2} \] ### Step 4: Simplify the equation Since \( P \) and \( R \) are the same in both cases, they cancel out: \[ \frac{T}{T + 4} = \frac{1}{2} \] ### Step 5: Cross-multiply to solve for \( T \) Cross-multiplying gives: \[ 2T = T + 4 \] ### Step 6: Solve for \( T \) Now, subtract \( T \) from both sides: \[ 2T - T = 4 \] \[ T = 4 \] ### Conclusion Thus, the value of \( T \) is \( 4 \).
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