Home
Class 14
MATHS
Radha borrowed a certain sum of simple i...

Radha borrowed a certain sum of simple interest from Laxmi incurring `6%` interest per annum for first 3 years, `8%` interest for the period next 5 years. If he paid Rs. 10080 as interest for a total period of 8 years. What sum had he borrowed?

A

Rs. 18000

B

Rs. 14000

C

Rs. 20160

D

None of these

Text Solution

AI Generated Solution

The correct Answer is:
To find the sum that Radha borrowed, we can use the formula for simple interest: \[ \text{Simple Interest (SI)} = \frac{P \times R \times T}{100} \] Where: - \( P \) = Principal amount (the sum borrowed) - \( R \) = Rate of interest per annum - \( T \) = Time in years ### Step 1: Calculate the interest for the first 3 years at 6% For the first 3 years, the interest rate is 6%. Using the formula: \[ \text{SI}_1 = \frac{P \times 6 \times 3}{100} = \frac{18P}{100} \] ### Step 2: Calculate the interest for the next 5 years at 8% For the next 5 years, the interest rate is 8%. Using the formula: \[ \text{SI}_2 = \frac{P \times 8 \times 5}{100} = \frac{40P}{100} \] ### Step 3: Combine the interests The total interest paid over the 8 years is the sum of the two interests calculated above: \[ \text{Total Interest} = \text{SI}_1 + \text{SI}_2 = \frac{18P}{100} + \frac{40P}{100} = \frac{58P}{100} \] ### Step 4: Set up the equation According to the problem, Radha paid Rs. 10,080 as interest for the total period of 8 years. Therefore, we can set up the equation: \[ \frac{58P}{100} = 10080 \] ### Step 5: Solve for \( P \) To find \( P \), multiply both sides by 100: \[ 58P = 10080 \times 100 \] \[ 58P = 1008000 \] Now, divide both sides by 58: \[ P = \frac{1008000}{58} \] Calculating this gives: \[ P = 17379.31 \] ### Conclusion Thus, the sum that Radha borrowed is approximately Rs. 17,379.31. ---
Promotional Banner

Topper's Solved these Questions

  • MISCELLANEOUS EXERCISE -VI

    UPKAR PUBLICATION |Exercise QUESTION BANK |62 Videos
  • MISCELLANEOUS EXERCISE-IV

    UPKAR PUBLICATION |Exercise QUESTION BANK |100 Videos

Similar Questions

Explore conceptually related problems

Rohan borrowed a certain sum of money at simple interest. The rate of interest was 3% per annum for first 3 years, 4% per annum for next 5 years and 6% per annum for next 7 years. If he paid Rs. 2059 as interest, then what is the sum borrowed (in Rs.)?

Arun borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next 6 years and 12% per annum for the period beyond 10 years. If he pays a total of Rs 12160 as interest only at the end of 15 years, how much money did he borrow? (a) Rs 8000 (b) Rs 9000 (c) Rs 10000 (d) Rs 12000

Arun borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next six years and 12% per annum for the period beyond ten years. If he pays a total of 12,160 as interest only at the end of 15 years, how much money did he borrow?

If Rs. 300 is the interest paid on a certain sum at the rate of 5% per annum simple interest for a period of 5 years, then find the sum. (in Rs. )

A farmer borrowed from a co-operative bank Rs 12500 at simple interest to purchase a pump set at 8% per annum for 5 years.How much interest will he pay after 5 years?

UPKAR PUBLICATION -MISCELLANEOUS EXERCISE -VII-QUESTION BANK
  1. In the following number of series a wrong number is given. Find out th...

    Text Solution

    |

  2. When a amount was distributed equally among 12 boys. Each of them got ...

    Text Solution

    |

  3. Radha borrowed a certain sum of simple interest from Laxmi incurring 6...

    Text Solution

    |

  4. The ratio between the present ages of Omkar and Ram Krishan is 4:5 sev...

    Text Solution

    |

  5. The length of a plot of land is four breadth. A playground measuring 1...

    Text Solution

    |

  6. Arti purchased three sarees with a discount of 15% each on the listed ...

    Text Solution

    |

  7. The difference between the cost price of table and chair is Rs. 1800. ...

    Text Solution

    |

  8. What approximate value should come in place of question mark (?) in th...

    Text Solution

    |

  9. What approximate value should come in place of question mark (?) in th...

    Text Solution

    |

  10. What approximate value should come in place of question mark (?) in th...

    Text Solution

    |

  11. What approximate value should come in place of question mark (?) in th...

    Text Solution

    |

  12. What approximate value should come in place of question mark (?) in th...

    Text Solution

    |

  13. In each question, what will come in place of question mark? 14 cdot ...

    Text Solution

    |

  14. In each question, what will come in place of question mark? 40% of 1...

    Text Solution

    |

  15. In each question, what will come in place of question mark? 7333 + ?...

    Text Solution

    |

  16. In each question, what will come in place of question mark? 5678 + 3...

    Text Solution

    |

  17. In each question, what will come in place of question mark? 9865 – 5...

    Text Solution

    |

  18. In each question, what will come in place of question mark? 5 1/ 4 x...

    Text Solution

    |

  19. In each question, what will come in place of question mark? 12 2/3 –...

    Text Solution

    |

  20. In each question, what will come in place of question mark? 2548 div...

    Text Solution

    |