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A earns an interest of rs2880 on a certa...

A earns an interest of rs2880 on a certain sum when it is invested for 3 years offering R% simple interest per annum. B earns an interest of rs4000 on a ceratin sum when it is invested for 5 years offering R% simple interest per annum. Sum invested by A is what per cent more than that invested by B?

A

`(66) 2/3 %`

B

`(33) 1/3 %`

C

`30%`

D

`20%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will use the formula for simple interest and the information given in the question. ### Step 1: Understand the Simple Interest Formula The formula for calculating simple interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] 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 for A and B From the problem, we know: - A earns an interest of Rs. 2880 over 3 years. - B earns an interest of Rs. 4000 over 5 years. - The rate of interest \(R\) is the same for both A and B. For A: \[ 2880 = \frac{P_A \times R \times 3}{100} \quad \text{(1)} \] For B: \[ 4000 = \frac{P_B \times R \times 5}{100} \quad \text{(2)} \] ### Step 3: Rearrange the Equations to Find Principal Amounts From equation (1): \[ P_A = \frac{2880 \times 100}{3R} = \frac{288000}{3R} = \frac{96000}{R} \quad \text{(3)} \] From equation (2): \[ P_B = \frac{4000 \times 100}{5R} = \frac{400000}{5R} = \frac{80000}{R} \quad \text{(4)} \] ### Step 4: Find the Ratio of Principal Amounts Now, we can find the ratio of \(P_A\) to \(P_B\) using equations (3) and (4): \[ \frac{P_A}{P_B} = \frac{\frac{96000}{R}}{\frac{80000}{R}} = \frac{96000}{80000} = \frac{12}{10} = \frac{6}{5} \] ### Step 5: Express \(P_A\) in Terms of \(P_B\) From the ratio, we have: \[ P_A = \frac{6}{5} P_B \] ### Step 6: Calculate the Percentage Difference To find how much more \(P_A\) is than \(P_B\): \[ \text{Difference} = P_A - P_B = \frac{6}{5} P_B - P_B = \left(\frac{6}{5} - \frac{5}{5}\right) P_B = \frac{1}{5} P_B \] Now, to find the percentage more: \[ \text{Percentage more} = \left(\frac{\text{Difference}}{P_B}\right) \times 100 = \left(\frac{\frac{1}{5} P_B}{P_B}\right) \times 100 = \frac{1}{5} \times 100 = 20\% \] ### Final Answer The sum invested by A is **20% more** than that invested by B. ---
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