Simple interest on a certain sum for 2.5 years at 10% per annum is 18 less than
Answers
Question:
Simple interest on a certain sum for 2.5 years at 10% per annum is 18 less than the simple interest on the same sum for 3.5 years at 8% per annum. Find the sum.
Answer:
The the Principal is Rs. 600.
Step-by-step explanation:
Given :
Time = 2.5 year and 3.5 years
Rate = 10% and 8%
SI for 2.5 years at 10% is 18 less than SI on 3.5 years at 8%
To find :
The sum
Solution :
Case I -
- Principal = P
- Rate = 10%
- Time = 2.5 years
⇒ SI = PRT/100
⇒ SI = (P × 10 × 2.5)/100
⇒ SI = 25P/100
Case II -
- Principal = P
- Rate = 8%
- Time = 3.5
⇒ SI = PRT/100
⇒ SI = (P × 8 × 3.5)/100
⇒ SI = 28P/100
According to the question,
SI for 2.5 years at 10% is 18 less than SI on 3.5 years at 8%
⇒ 28P/100 = (25P/100 + 18)
⇒ 28P/100 - 25P/100 = 18
⇒ 3P/100 = 18
⇒ 3P = 18 × 100
⇒ 3P = 1800
⇒ P = 1800/3
⇒ P = 600
Principal = Rs. 600
The the Principal is Rs. 600.
Solution
Given :-
Simple interest ( S )
Principal = P
Rate = 8%
Time = 3.5 years
Simple interest ( S' )
Principal = P
Rate = 10%
Time = 2.5 years
S - S' = Rs. 18
______________________
Now in 2nd Case :-
☆ Formula is same
→ S - S' = 18
So the required Principal amount is Rs 600