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Simple Interest - 01
01.
Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is = ?
1
Rs. 12500
2
Rs. 137745.02
3
Rs. 15200
4
Rs. 108200
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Answer:-
1
Explanation:-
Solution:
Let Ram get Rs. x and
Shyam get Rs. (260200 - x)
Then Amount get by Ram after 3 years
=
x
×
(
1
+
4
100
)
3
=
x
×
(
1
+
4
100
)
3
and Amount get by Shyam after 6 years
=
(
260200
−
x
)
×
(
1
+
4
100
)
6
=
(
260200
−
x
)
×
(
1
+
4
100
)
6
But both get equal amount
∴
x
×
(
1
+
4
100
)
3
=
(
260200
−
x
)
×
(
1
+
4
100
)
6
⇒
x
2600200
−
x
=
17576
15625
⇒
15625
x
=
4573275200
−
17576
x
⇒
33201
x
=
4573275200
⇒
x
=
137745.022
But both get equal amount
∴
x
×
(
1
+
4
100
)
3
=
(
260200
−
x
)
×
(
1
+
4
100
)
6
⇒
x
2600200
−
x
=
17576
15625
⇒
15625
x
=
4573275200
−
17576
x
⇒
33201
x
=
4573275200
⇒
x
=
137745.022
02.
In simple interest rate per annum a certain sum amounts to Rs. 5182 in 2 years and Rs. 5832 in 3 years. The principal in rupees is = ?
1
Rs. 2882
2
Rs. 5000
3
Rs. 3882
4
Rs. 4000
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Answer:-
1
Explanation:-
Solution:
S.I for 1 year = 5832 – 5182 = Rs. 650
S.I for 2 years = Rs. 1300
P = 5182 – 1300
= Rs. 3882
03.
The sum invested in scheme B is thrice the sum invested in scheme A. The investment in scheme A is made for 4 years at 8% p.a. simple interest and in scheme B for 2 years at 13% p.a. simple interest. The total interest earned from both the schemes is Rs. 1320. How much amount was invested in scheme A?
1
Rs. 1200
2
Rs. 1140
3
Rs. 960
4
Rs. 1500
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Answer:-
1
Explanation:-
Solution:
Let the amount invested in scheme A be Rs. x and that in B be Rs. 3x.
Then,
=
x
×
4
×
8
100
+
3
x
×
2
×
13
100
=
1320
o
r
,
32
x
100
+
78
x
100
=
1320
o
r
,
110
x
110
=
1320
∴
x
=
1320
×
100
110
=
Rs
. 1200
.
=
x
×
4
×
8
100
+
3
x
×
2
×
13
100
=
1320
o
r
,
32
x
100
+
78
x
100
=
1320
o
r
,
110
x
110
=
1320
∴
x
=
1320
×
100
110
=
Rs
. 1200
.
04.
The interest earned on Rs. 15000 in 3 years at simple interest is Rs. 5400. Find the rate of interest per annum.
1
11.5%
2
12%
3
12.5%
4
15%
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Answer:-
1
Explanation:-
Solution:
Rate
=
S
.I
.
×
100
Principal
×
Time
=
5400
×
100
15000
×
3
=
12
%
Per annum
.
Rate
=
S
.I
.
×
100
Principal
×
Time
=
5400
×
100
15000
×
3
=
12
%
Per annum
.
05.
A sum becomes its double in 10 years. Find the annual rate of simple interest.
1
8%
2
5%
3
10%
4
20%
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Answer:-
1
Explanation:-
Solution:
Let S
.I
.
=
Rs
.
x
Time
=
10
years
∴
Rate
=
S
.I
.
×
100
Principal
×
Time
=
x
×
100
x
×
10
=
10
%
per
annum
.
Let S
.I
.
=
Rs
.
x
Time
=
10
years
∴
Rate
=
S
.I
.
×
100
Principal
×
Time
=
x
×
100
x
×
10
=
10
%
per
annum
.
06.
Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10:3 at 6% simple interest per annum ?
1
7 years
2
3 years
3
5 years
4
4 years
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Answer:-
1
Explanation:-
Solution:
Let principal and SI is
=
10
x
,
3
x
and time is =
t
⇒
3
x
=
10
x
×
6
×
t
100
⇒
t
=
5
years
Let principal and SI is
=
10
x
,
3
x
and time is =
t
⇒
3
x
=
10
x
×
6
×
t
100
⇒
t
=
5
years
07.
If a sum of money double itself in 8 years, then the interest rate in percentage is ?
1
8
1
2
8
1
2
%
2
10%
3
10
1
2
10
1
2
%
4
12
1
2
12
1
2
%
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Answer:-
1
Explanation:-
Solution:
Money is double itself means interest is equal to money.
P =
P
×
8
×
r
100
⇒
r =
100
8
⇒
r = 12
1
2
%
P =
P
×
8
×
r
100
⇒
r =
100
8
⇒
r = 12
1
2
%
08.
The simple interest on a certain sum of money at the years is Rs. 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is = ?
1
7%
2
8%
3
9%
4
10%
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Answer:-
1
Explanation:-
Solution:
C
a
s
e
−
I
:
SI
%
=
R
%
×
t
SI
%
=
5
%
×
8
=
40
%
C
a
s
e
−
I
I
:
SI
%
=
5
×
r
%
According to the question
⇒
40
%
=
5
×
r
%
⇒
r
%
=
8
%
C
a
s
e
−
I
:
SI
%
=
R
%
×
t
SI
%
=
5
%
×
8
=
40
%
C
a
s
e
−
I
I
:
SI
%
=
5
×
r
%
According to the question
⇒
40
%
=
5
×
r
%
⇒
r
%
=
8
%
09.
Find the amount to be received after 2 years 6 months at the rate of 5% p.a. of simple interest on a sum of Rs. 3200.
1
Rs. 3800
2
Rs. 3500
3
Rs. 3600
4
Rs. 3900
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Answer:-
1
Explanation:-
Solution:
Rate of interest
=
5
%
p
.a
.
sum
=
Rs
. 3200
Time
=
2 years 6 months
=
2
1
2
years
=
5
2
years
S
.I
.
=
Prinicipal
×
Time
×
Rate
100
=
3200
×
5
×
5
2
×
100
=
Rs
.
400
∴
Amount
=
Rs
. sum
+
S
.I
.
=
(
3200
+
400
)
=
Rs
. 3600
.
Rate of interest
=
5
%
p
.a
.
sum
=
Rs
. 3200
Time
=
2 years 6 months
=
2
1
2
years
=
5
2
years
S
.I
.
=
Prinicipal
×
Time
×
Rate
100
=
3200
×
5
×
5
2
×
100
=
Rs
.
400
∴
Amount
=
Rs
. sum
+
S
.I
.
=
(
3200
+
400
)
=
Rs
. 3600
.
10.
A person invest money in three different schemes for 6 years, 10 years and 12 years at 10 percent, 12 percent and 15 percent simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is
1
2:3:4
2
4:3:2
3
3:4:6
4
6:3:2
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Answer:-
1
Explanation:-
Solution:
Let the three amounts be Rs. x, Rs. y and Rs. z,
Then,
=
x
×
10
×
6
100
=
y
×
12
×
10
100
=
z
×
15
×
12
100
⇒
60
x
=
120
y
=
180
z
⇒
x
=
2
y
=
3
z
=
k
(
s
a
y
)
⇒
x
=
k
,
y
=
k
2
,
z
=
k
3
⇒
x
:
y
:
z
=
k
:
k
2
:
k
3
=
1
:
1
2
:
1
3
=
6
:
3
:
2
=
x
×
10
×
6
100
=
y
×
12
×
10
100
=
z
×
15
×
12
100
⇒
60
x
=
120
y
=
180
z
⇒
x
=
2
y
=
3
z
=
k
(
s
a
y
)
⇒
x
=
k
,
y
=
k
2
,
z
=
k
3
⇒
x
:
y
:
z
=
k
:
k
2
:
k
3
=
1
:
1
2
:
1
3
=
6
:
3
:
2
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