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The simple interest on an amount for 6 years at 4% p.a. is Rs.7,500 less than the simple interest on the same amount for 11 years. Find the amount.
Rs.38,000
Rs.37,500
Rs.37,000
Rs.38,500
- To find the amount, we start by calculating the difference in simple interest.
- The formula for simple interest is \( \text{SI} = \frac{P \times R \times T}{100} \).
- Let \( P \) be the principal amount.
- For 6 years, the interest: \( \text{SI}_1 = \frac{P \times 4 \times 6}{100} \).
- For 11 years, the interest: \( \text{SI}_2 = \frac{P \times 4 \times 11}{100} \).
- The difference: \( \text{SI}_2 - \text{SI}_1 = 7500 \).
- Set up the equation:
- \(\frac{P \times 4 \times 11}{100} - \frac{P \times 4 \times 6}{100} = 7500\).
- Solve for \( P \):
- Simplify: \(\frac{P \times 4 \times (11 - 6)}{100} = 7500\).
- \(\frac{P \times 20}{100} = 7500\).
- \(P = \frac{7500 \times 100}{20}\).
- \(P = 37,500\).
- Options Check:
- 1. Rs.38,000
- 2. Rs.37,500
- 3. Rs.37,000
- 4. Rs.38,500
- The correct amount is: Rs.37,500
By: Parvesh Mehta ProfileResourcesReport error
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