5
3
22. What sum is lent to a man for only the month of November 2014 at 32% simple annual interest, so that
the money-lender gets
per day as interest?
4
Miscellaneous Problems
Answers
Answered by
0
Answer:
Step-by-step explanLet the amount of money he borrows be Rs. x
Then Interest paid by the money lender =
100
x×4×1
= Rs.
100
4x
Interest received by the money lender =x[(1+
100
3
)
2
−1]
=x[
(100)
2
(103)
2
−1]=x[
10000
103
2
−100
2
]
=x[
10000
(103+100)(103−100)
]=
10000
609x
Given,
1000
609x
−
100
4x
=104.50
⇒
10000
209x
=104.50
⇒209x=1045000
⇒x=
209
1045000
= Rs. 5000ation:
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