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If the interest on Rs. 50 at 4 1/2% be e...

If the interest on Rs. 50 at `4 1/2%` be equal to the discount on Rs. 59 for the same time and at the same rate when is the latter sum due?

A

2 years

B

4 years

C

6 years

D

3 years

Text Solution

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The correct Answer is:
To solve the problem, we need to find the time when the interest on Rs. 50 at a rate of 4.5% is equal to the discount on Rs. 59 for the same time and rate. ### Step-by-Step Solution: 1. **Identify the given values:** - Principal (P) = Rs. 50 - Rate (R) = 4.5% = 4.5/100 = 9/200 - Amount (A) = Rs. 59 2. **Calculate the Simple Interest (SI) on Rs. 50:** - The formula for Simple Interest is: \[ SI = \frac{P \times R \times T}{100} \] - Here, we need to express SI in terms of time (T): \[ SI = \frac{50 \times \frac{9}{200} \times T}{100} \] - Simplifying this gives: \[ SI = \frac{50 \times 9 \times T}{20000} = \frac{450T}{20000} = \frac{9T}{400} \] 3. **Calculate the Discount on Rs. 59:** - The discount (D) is given by: \[ D = A - P = 59 - 50 = 9 \] 4. **Set the Simple Interest equal to the Discount:** - According to the problem, the interest on Rs. 50 equals the discount on Rs. 59: \[ \frac{9T}{400} = 9 \] 5. **Solve for T:** - To isolate T, we can multiply both sides by 400: \[ 9T = 9 \times 400 \] - Dividing both sides by 9: \[ T = 400 \] - Thus, we find: \[ T = 44.44 \text{ years} \] 6. **Conclusion:** - The time when the latter sum (Rs. 59) is due is approximately 4 years.
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