Home
Class 7
MATHS
Read the given statements carefully and ...

Read the given statements carefully and state T for true and F for false.
(i) If the simple interest on a sum is equal to the principal and number of years is equal to the rate percent per annum, then rate of interest is 10% per annum.
(ii) I a person purchases 12 items for Rs. 36 and sells 10 items for Rs. 36, then the profit % is 15%.
(iii) The percentage decrease in the priceof a shirt when it decreased from Rs. 4000 to Rs. 2500 is 15%.

A

`{:(i" "ii" "iii),(T" "T" "F):}`

B

`{:(i" "ii" "iii),(T" "F" "F):}`

C

`{:(i" "ii" "iii),(F" "T" "F):}`

D

`{:(i" "ii" "iii),(F" "F" "T):}`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to evaluate each statement one by one and determine if they are true (T) or false (F). ### Statement (i): **Statement:** If the simple interest on a sum is equal to the principal and the number of years is equal to the rate percent per annum, then the rate of interest is 10% per annum. **Solution:** 1. Let the principal amount be \( P \). 2. According to the statement, the simple interest (SI) is equal to the principal, so \( SI = P \). 3. The formula for simple interest is given by: \[ SI = \frac{P \times r \times t}{100} \] where \( r \) is the rate of interest and \( t \) is the time in years. 4. The statement also says that the number of years \( t \) is equal to the rate \( r \). Therefore, we can set \( t = r \). 5. Substituting \( SI \) and \( t \) into the formula: \[ P = \frac{P \times r \times r}{100} \] 6. Simplifying this, we can cancel \( P \) (assuming \( P \neq 0 \)): \[ 1 = \frac{r^2}{100} \] 7. Rearranging gives: \[ r^2 = 100 \] 8. Taking the square root of both sides: \[ r = 10\% \] 9. Thus, the statement is **True (T)**. ### Statement (ii): **Statement:** If a person purchases 12 items for Rs. 36 and sells 10 items for Rs. 36, then the profit % is 15%. **Solution:** 1. Cost price (CP) of 12 items = Rs. 36. 2. Therefore, cost price of 1 item: \[ CP \text{ of 1 item} = \frac{36}{12} = Rs. 3 \] 3. Cost price of 10 items: \[ CP \text{ of 10 items} = 10 \times 3 = Rs. 30 \] 4. Selling price (SP) of 10 items = Rs. 36. 5. Profit = Selling Price - Cost Price: \[ \text{Profit} = 36 - 30 = Rs. 6 \] 6. Profit percentage is calculated as: \[ \text{Profit %} = \left(\frac{\text{Profit}}{\text{Cost Price}} \times 100\right) = \left(\frac{6}{30} \times 100\right) = 20\% \] 7. The statement claims the profit percentage is 15%, which is incorrect. Therefore, the statement is **False (F)**. ### Statement (iii): **Statement:** The percentage decrease in the price of a shirt when it decreased from Rs. 4000 to Rs. 2500 is 15%. **Solution:** 1. Initial price = Rs. 4000, Final price = Rs. 2500. 2. Decrease in price: \[ \text{Decrease} = 4000 - 2500 = Rs. 1500 \] 3. Percentage decrease is calculated as: \[ \text{Percentage Decrease} = \left(\frac{\text{Decrease}}{\text{Original Price}} \times 100\right) = \left(\frac{1500}{4000} \times 100\right) \] 4. Simplifying this: \[ \text{Percentage Decrease} = \left(\frac{1500}{4000}\right) \times 100 = \frac{150}{40} = 3.75 \times 10 = 37.5\% \] 5. The statement claims the percentage decrease is 15%, which is incorrect. Therefore, the statement is **False (F)**. ### Final Answers: 1. (i) T 2. (ii) F 3. (iii) F

To solve the problem, we need to evaluate each statement one by one and determine if they are true (T) or false (F). ### Statement (i): **Statement:** If the simple interest on a sum is equal to the principal and the number of years is equal to the rate percent per annum, then the rate of interest is 10% per annum. **Solution:** 1. Let the principal amount be \( P \). 2. According to the statement, the simple interest (SI) is equal to the principal, so \( SI = P \). ...
Promotional Banner

Topper's Solved these Questions

  • IMO QUESTION PAPER 2020-21 SET A

    SCIENCE OLYMPIAD FOUNDATION |Exercise EVERYDAY MATHEMATICS|10 Videos
  • IMO QUESTION PAPER 2019-20 SET B

    SCIENCE OLYMPIAD FOUNDATION |Exercise Achievers section|5 Videos
  • SAMPLE PAPER 4 (CLASS VII)

    SCIENCE OLYMPIAD FOUNDATION |Exercise Section A- Mathematics|10 Videos

Similar Questions

Explore conceptually related problems

The simple interest on a sum of money is 1/9 of the principal and the number of years is equal to rate per cent per annum . The rate per annum is

The simple interest on a sum of money is 1/16 of the principal and the number of years is equal to the rate per cent annum. Find the rate per cent.

The simple interest on a sum of money is (1)/(9) th of the principal, and the number of years is equal to the rate per cent per annum. Find the rate per cent.

The simple interest on a sum of money is (8)/(25) of the sum. If the number of years is numerically half of the rate percent per annum, then find the rate percent per annum.

If simple interest on Rs. 400 is 256 and the rate of interest per annum equal to the number of years, then find the rate of interest.