A sum at simple interest 4% per annum for period of 4 years gives simple intrest rupees 200 Fid out the sum
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Answer:
For ,
N=4years
R=4 %
We have S.I.= 100
PNR= 100
P×4×4= 100
16P=0.16P
And on interest being compounded for 3 years and R=5 %, Amount=P(1+100R ) N
=P(1+ 1005 ) 3
=P×(1.05 3 )=1.157625P
So, C.I.=A−P=1.157625P−P=0.157625P
Given, S.I.−C.I=Rs228
=>0.16P−0.157625P=Rs228
=>0.002375P=Rs228
=>P=Rs96,000
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Step-by-step explanation:
Given :-
- A sum at simple interest 4% per annum for period of 4 years gives simple intrest Rs. 200.
To find :-
- The sum
Solution :-
Let the Sum of the money be Rs. X
Rate of Interest (R) = 4%
Time (T) = 4 years
Simple Interest (S.I) = Rs. 200
We know that
Simple Interest = PTR /100
=> 200 = (X×4×4)/100
=> 200 = 16X/100
=> 16X/100 = 200
=> 16X = 200×100
=> 16X = 20000
=> X = 20000/16
=> X = Rs. 1250
Therefore, Sum = Rs. 1250
Answer :-
- The Sum of the money = Rs. 1250
Used Formulae:-
- Simple Interest = PTR /100
- P = Principal
- T = Time
- R = Rate of Interest
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