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On what sum of money will the SI for 7 y...

On what sum of money will the SI for 7 yr 6 onths at 5% per annum be Rs 450 ?

A

Rs 11000

B

Rs 1200

C

Rs 13000

D

Rs 12000

Text Solution

AI Generated Solution

The correct Answer is:
To find the principal amount (P) on which the simple interest (SI) for 7 years and 6 months at a rate of 5% per annum is Rs 450, we can use the formula for simple interest: \[ \text{SI} = \frac{P \times R \times T}{100} \] Where: - SI = Simple Interest - P = Principal amount - R = Rate of interest per annum - T = Time in years ### Step-by-Step Solution: 1. **Convert the Time Period**: The time given is 7 years and 6 months. We need to convert this into years. \[ T = 7 + \frac{6}{12} = 7 + 0.5 = 7.5 \text{ years} \] 2. **Substitute the Values into the SI Formula**: We know that SI = Rs 450, R = 5%, and T = 7.5 years. Substitute these values into the formula: \[ 450 = \frac{P \times 5 \times 7.5}{100} \] 3. **Simplify the Equation**: To eliminate the fraction, multiply both sides by 100: \[ 450 \times 100 = P \times 5 \times 7.5 \] \[ 45000 = P \times 37.5 \] 4. **Solve for P**: Now, divide both sides by 37.5 to find P: \[ P = \frac{45000}{37.5} \] \[ P = 1200 \] Thus, the principal amount is Rs 1200. ### Final Answer: The sum of money on which the SI for 7 years and 6 months at 5% per annum will be Rs 450 is **Rs 1200**.
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