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A sum of money invested at a certain rate of simple interest per annum amounts to Rs.14,522 in seven years and to Rs.18,906 in eleven years. Find the sum invested (in Rs.).
6850
6900
6800
6750
To find the sum invested, let's analyze the problem with simple interest formula:
- Simple Interest Formula: \( A = P + Prt \)
- \( A \) is the amount, \( P \) is the principal, \( r \) is the rate per annum, and \( t \) is time in years.
First Situation:
- Amount in 7 years: Rs.14,522
Second Situation:
- Amount in 11 years: Rs.18,906
Calculate Interest:
- Interest for 4 years (11 - 7 years) = Rs.18,906 - Rs.14,522 = Rs.4,384
- Annual Interest = Rs.4,384 / 4 = Rs.1,096 per year
Find Principal:
- Interest for 7 years = 7 * Rs.1,096 = Rs.7,672
- Principal (P) = Rs.14,522 - Rs.7,672 = Rs.6,850
Here’s the breakdown of options:
- Option 1: 6850 - Correct
- Option 2: 6900
- Option 3: 6800
- Option 4: 6750
By: Parvesh Mehta ProfileResourcesReport error
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