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ICSE Class 7 Answered

What is Lent at 12.5%per annum produces the same simple interest in 4 years as RS 3000,Lent out at 5% produces in 1year and 4 month?
Asked by anirbanhalder87 | 14 Oct, 2019, 11:47: PM
Expert Answer
Simple interest for P=3000, R=5% and N=1 1/4 is
S. I. equals fraction numerator 3000 cross times 5 cross times 1 begin display style 1 fourth end style over denominator 100 end fraction equals 375 over 2 S. I. space i s space s a m e space w h e n space R equals 12.5 percent sign space a n d space N equals 4 rightwards double arrow 375 over 2 equals fraction numerator P subscript 1 cross times N cross times R over denominator 100 end fraction rightwards double arrow P subscript 1 equals fraction numerator 375 cross times 100 over denominator 2 cross times 4 cross times 12.5 end fraction equals R s. space 375
Answered by Renu Varma | 15 Oct, 2019, 10:24: AM

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