The compound interest on₹ 8000 at 10% p.a for 2 years is:
Answers
A trader by selling one kind of tea at 380/kg. makes a loss of 20% and makes a pri
25%by selling another kind of tea at 200/kg. At what ratio these two types of tensi
be mixed so that by selling it at 150/kg. the profit would be 25%?.Let mass of one kind of tea x kg be mixed with another kind of tea mass y kg
SP of x kg tea = Rs 80x
Loss = (CP - SP)/CP
0•2 CP = CP - 80x
0•8CP = 80x. Or CP = 100x
Similarly
Profit = (SP - CP)/CP
0•25CP = 200y - CP
1•25CP = 200y . Or CP = 20000y/125 =160y
Total CP of x and y kg of tea = 100x + 160y
SP of x and y kg of tea = (x + y )×150
Profit = (SP - CP)/CP
0•25 = {(x + y )150 - (100x + 160y)}/(100x +160y)
0•25(100x + 160y) = (50x - 10y)
25x + 40y = 50x - 10y
25x = 50y
x/y = 2/1
Given :-
- Principal = ₹8000.
- Rate per annum = 10%.
- Time = 2 Years.
To Find :-
- Compound Interest.
Solution :-
Formula Used :-
Substitute the Values.
Formula For C.I. :-
C.I. = Amount – Principal.
➨ C.I. = ₹9680 — ₹8000.
➨ C.I. = ₹1680.
Therefore,
Compound Interest = ₹1680.