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A sum was invested at simple interset at...

A sum was invested at simple interset at x% p.a for `2(1)/(2)` years. Had it been invested at `(x + 3)`% for the same time,it would have fetched Rs585 more . The simple interset on the same sum for `4(2)/(3)` year at 14% p.a is .

A

Rs 5,096

B

Rs 5, 460

C

Rs 4,732

D

Rs 4, 900

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to determine the principal amount (P) based on the information provided and then calculate the simple interest for a different time period and interest rate. ### Step 1: Set up the equations based on the information given We know that the simple interest (SI) formula is: \[ \text{SI} = \frac{P \times R \times T}{100} \] From the problem, we have two scenarios: 1. The first investment at \( x\% \) for \( 2\frac{1}{2} \) years (which is \( \frac{5}{2} \) years). 2. The second investment at \( (x + 3)\% \) for the same time period, which yields Rs 585 more than the first investment. ### Step 2: Write the equation for the first scenario For the first scenario: \[ \text{SI}_1 = \frac{P \times x \times \frac{5}{2}}{100} = \frac{5Px}{200} \] ### Step 3: Write the equation for the second scenario For the second scenario: \[ \text{SI}_2 = \frac{P \times (x + 3) \times \frac{5}{2}}{100} = \frac{5P(x + 3)}{200} \] ### Step 4: Set up the equation based on the difference in interest According to the problem: \[ \text{SI}_2 - \text{SI}_1 = 585 \] Substituting the expressions from Steps 2 and 3: \[ \frac{5P(x + 3)}{200} - \frac{5Px}{200} = 585 \] ### Step 5: Simplify the equation Combining the two fractions: \[ \frac{5P((x + 3) - x)}{200} = 585 \] This simplifies to: \[ \frac{5P \cdot 3}{200} = 585 \] \[ \frac{15P}{200} = 585 \] ### Step 6: Solve for P Multiplying both sides by 200: \[ 15P = 585 \times 200 \] \[ 15P = 117000 \] Now, divide by 15: \[ P = \frac{117000}{15} = 7800 \] ### Step 7: Calculate the simple interest for the new scenario Now we need to find the simple interest for \( P = 7800 \), \( R = 14\% \), and \( T = 4\frac{2}{3} \) years (which is \( \frac{14}{3} \) years). Using the SI formula: \[ \text{SI} = \frac{P \times R \times T}{100} \] Substituting the values: \[ \text{SI} = \frac{7800 \times 14 \times \frac{14}{3}}{100} \] ### Step 8: Calculate the simple interest Calculating the above expression: \[ \text{SI} = \frac{7800 \times 14 \times 14}{300} \] Calculating \( 7800 \times 14 = 109200 \): \[ \text{SI} = \frac{109200 \times 14}{300} \] Calculating \( 109200 \times 14 = 1528800 \): \[ \text{SI} = \frac{1528800}{300} = 5096 \] Thus, the simple interest for \( 4\frac{2}{3} \) years at 14% p.a. is **Rs 5096**.
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