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Answer & Explanations

1. The principal amount was Rs. 8,400 invested for 5 years at an interest rate of 4%. 2. The principal amount was Rs. 9,000 invested for 1 year at an interest rate of 4.5%. 3. The question involves calculating the amounts invested in two schemes with different interest rates to achieve a total interest of Rs. 3508 over 2 years. 4. The question involves calculating the principal amount invested at an interest rate of 8% for 3 years and 8.5% for 4 years if the total interest earned is Rs. 500.

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61 views3 pages

Answer & Explanations

1. The principal amount was Rs. 8,400 invested for 5 years at an interest rate of 4%. 2. The principal amount was Rs. 9,000 invested for 1 year at an interest rate of 4.5%. 3. The question involves calculating the amounts invested in two schemes with different interest rates to achieve a total interest of Rs. 3508 over 2 years. 4. The question involves calculating the principal amount invested at an interest rate of 8% for 3 years and 8.5% for 4 years if the total interest earned is Rs. 500.

Uploaded by

Reddy Kiran KD
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© © All Rights Reserved
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Answer & Explanations

1. Expl: S.I. = 1680, R = 4% T = 5 years


Principal = (100 *1680)/ (5*4) = 8400
So P = 8400
Rate = (100 *1680)/ (8400 * 4) = 5%
2. Expl : S.I. = Rs. 405 R = 4.5% T = 1 year
Principal = (100 *405)/(4.5*1) = Rs.9000
S.I at 5% interest = (9000*5*1)/100 = Rs.450
Difference in interest = 450 – 405 = Rs.45
3. Let the sum invested in Scheme S1 be Rs.x and that in Scheme S2 be
Rs.(13900-x).
Then, (x*14*2)/100 + ((13900-x)*11*2)/100 = 3508;
28x-22x= 3350800-(13900*22);
6x = 45000; x= 7500
So sum invested in Scheme S2 = Rs. (13900-7500) = Rs.6400
4. Let the sum be Rs.x
S.I from the bank = x*8*3/100 = 34x/100Earnings in the form of interest
from mutual fund = (x * 8.5
*4)/100 = 34x/100
Given that 34x/100 - 34x/100 = Rs.500 ; x = 5000
: . The sum invested = 5000
5. Let the time be x years. Then (600 *3* x)/100 + (800*9*x)/(2*100) =
24
18x+ 36x = 246 ; x = 246/54 = 4 years
Required time = 4 years
6. Let the amounts be x, y, z in ascending order of value. As the interest
rate and interest accrued are
same for 4 years 3 years and 2 years i.e. 4x = 3y = 2z = k.
L.C.M. of 4,3,2 = 12 So x:y:z: = 3000 : 4000 :6000
The amount deposited for 4 years = 3000
7. Total amount of Interest is
I = P/100 * 1[3/12 + 9/12 +27/12…. 312/12
Where P = 100; I = 1/12 (3+9+…..312)
I = 1/12(3(312-1))/3-1
= 531440* 3/12*2 =Rs.66430
8. Expl: S I for 2 years = 3800 ie for one year =1900
The compound interest for Rs.1900 for the second year = 1900*12/100 =228
The CI for two years 3800+228 = 4028
9. Principal = 882/(1+(5/100)) + 882/(1+(5/100)= (882*20)/21+ (882*400)/441
=840 +800 = Rs.1640
10. Expl : Option (a). Let the second amount be Rs.x. then,
(12000* 10 * 1)/100 + (x*20 *1)/100 = ((12000 +x)* 14*1)/100
= 1200 +x/5 = (168000 +14x)/100
600000 + 100x = 840000 +70 x
30x = 240000; X = 8000
Total investment = 12000 +8000 = Rs.20000
11. Let the savings be X and Y and the rates of simple interest be 4x and 5x respectively.
Then X +4x * 1/2 *1/100 = Y + 5x * 1/2 *1/100 or X/Y = 5/4 i.e. X : Y = 5 : 4
12. Expl:Let sum be Rs.100. After 16 years it become 300. With in 16 years it increased Rs.200
i.e. after 8
years it is doubled. So after 32 years interest become Rs.400. Total Rs.500 i.e. 5 times more
than the
sum. So 32 years is the answer.
13. Expl: Amount = Rs. (30000 + 4347) = Rs. 34347.
Let the time be n years.
Then, 30000 (1 + 7/100)n = 34347
(107/100) n = 34347/30000 = 11449/10000 = (107/100)2
So the period is 2 years.
14. Expl: Let the rate be R% p.a. (1+ R )2 = 1348.32. Then, 1200* (1+ (R/100))2 = 1348.32
(1+R/100)2 = 134832/120000 = 11236/10000 :. (1 + R/100) 2 = (106/100)2
1 + R/100 = 106/100. So R = 6%
15. Expl: Simple interest for 2 years = Rs.50 ie. For 1 years Rs. 25. . In the first year the S.I and
C.I are
same ie.Rs. 25. So in the 2nd year in C.I calculated for 1 years interest also. So in second
years for
Rs.25 interest is 25*5/100 = 1.25 . So total C.P = 51.25.
16. Expl: C.I = 4000 * (1+10/100)2 –4000
= 4000 *11/10 + 11/10 –4000 = Rs.840
:. Sum = Rs.(420 * 100)/ (3 *8) = Rs.1750
17. Expl : Let the sum be Rs.x Then, (x*25/2*1/100) – (x*10*1/100)= 1250
25x-20x = 250000 ; x=50000
18. Expl : Let the value of each instalment be Rs.x.
x/(1+4/100) + x/(1+4/100)2 = 2550 = 25x/26 + 625x/676 = 2550
1275x = 2550 *676
x = (2550*676)/1275 = 1352.
:. Value of each instalment = Rs.1352
19. Expl : Amount = 8000 *1+(5/100)2 = 8000 *21/20 * 21/20 = Rs.8820
20. Expl : S.I = (1000 *10 *4)/100 = Rs.400
C .I =1200 *1+5/100)2 –1200 = 123.
Difference = Rs.(123-120) = Rs.3

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