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In which time will the SI on Rs 4000 at ...

In which time will the SI on Rs 4000 at 7.5% be Rs 1050 ?

A

`2 (1)/(2)`yr

B

`5 (1)/(2)` yr

C

`3 (1)/(2)`yr

D

None of these

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem of finding the time required for the simple interest (SI) on Rs. 4000 at a rate of 7.5% to amount to Rs. 1050, we can use the formula for simple interest: ### Step-by-Step Solution: 1. **Identify the given values:** - Principal (P) = Rs. 4000 - Rate (R) = 7.5% - Simple Interest (SI) = Rs. 1050 - Time (T) = ? 2. **Use the formula for Simple Interest:** \[ SI = \frac{P \times R \times T}{100} \] 3. **Substitute the known values into the formula:** \[ 1050 = \frac{4000 \times 7.5 \times T}{100} \] 4. **Simplify the equation:** - First, calculate \(4000 \times 7.5\): \[ 4000 \times 7.5 = 30000 \] - Substitute this back into the equation: \[ 1050 = \frac{30000 \times T}{100} \] 5. **Further simplify:** \[ 1050 = 300 \times T \] 6. **Isolate T by dividing both sides by 300:** \[ T = \frac{1050}{300} \] 7. **Calculate T:** \[ T = 3.5 \] 8. **Convert T into a fraction:** - \(3.5\) can be expressed as \(\frac{7}{2}\) or \(2 \frac{1}{2}\) years. - Alternatively, \(3.5\) can also be expressed as \(\frac{14}{4}\) which simplifies to \(\frac{7}{2}\). ### Final Answer: The time required is \( \frac{7}{2} \) years or \( 3.5 \) years. ---
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