Home
Class 14
MATHS
Raghav lent Rs7,500 to Gopal for three y...

Raghav lent Rs7,500 to Gopal for three years and Rs5,000 to Sachin for four years on simple interest at the same rate of interest, and received Rs3,570 in all from both as interest. The interest paid by Sachin is:

A

Rs 1,580

B

Rs 1,500

C

Rs 1,680

D

Rs 1,600

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down. ### Step 1: Understand the problem Raghav lent Rs. 7,500 to Gopal for 3 years and Rs. 5,000 to Sachin for 4 years at the same rate of simple interest. The total interest received from both is Rs. 3,570. We need to find the interest paid by Sachin. ### Step 2: Write the formula for simple interest The formula for simple interest (SI) is: \[ \text{SI} = \frac{P \times R \times T}{100} \] where: - \( P \) = Principal amount - \( R \) = Rate of interest per annum - \( T \) = Time in years ### Step 3: Calculate the interest for Gopal For Gopal: - Principal \( P_1 = 7500 \) - Time \( T_1 = 3 \) years Using the formula: \[ \text{SI}_1 = \frac{7500 \times R \times 3}{100} \] This simplifies to: \[ \text{SI}_1 = \frac{22500R}{100} = 225R \] ### Step 4: Calculate the interest for Sachin For Sachin: - Principal \( P_2 = 5000 \) - Time \( T_2 = 4 \) years Using the formula: \[ \text{SI}_2 = \frac{5000 \times R \times 4}{100} \] This simplifies to: \[ \text{SI}_2 = \frac{20000R}{100} = 200R \] ### Step 5: Set up the equation for total interest According to the problem, the total interest received from both Gopal and Sachin is Rs. 3,570: \[ \text{SI}_1 + \text{SI}_2 = 3570 \] Substituting the expressions we found: \[ 225R + 200R = 3570 \] This simplifies to: \[ 425R = 3570 \] ### Step 6: Solve for R To find \( R \): \[ R = \frac{3570}{425} = 8.4 \] So, the rate of interest \( R \) is 8.4% per annum. ### Step 7: Calculate the interest paid by Sachin Now we can find the interest paid by Sachin using the rate we just calculated: \[ \text{SI}_2 = 200R \] Substituting \( R = 8.4 \): \[ \text{SI}_2 = 200 \times 8.4 = 1680 \] ### Final Answer The interest paid by Sachin is Rs. 1,680. ---
Promotional Banner

Similar Questions

Explore conceptually related problems

If Rs 3750 amounts to Rs 4620, in 3 years at simple interest,then rate of interest is

A sum of Rs 4200 becomes Rs 5082 in 3 years rate simple interest. What is the rate of interest per annum?

A person deposited Rs. 500 for 4 years and Rs, 600 for 3 years at the same rate of simple interest in a bank. Altogether he received Rs. 190 as interest. The rate of simple interest per annum was :