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DIRECTIONS: Choose the most appropriate answer:
Q. A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal is
- a)Rs 500
- b)Rs 520
- c)Rs 540
- d)Rs 580
Correct answer is option 'A'. Can you explain this answer?
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DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of m...
Let the principle amount be ‘P’
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DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of m...
Given:
- Rate of simple interest = 4%
- Interest for 8 years is Rs 340 less than the principal
To find:
- Principal amount
Solution:
Let's assume the principal amount as P.
Understanding the problem:
According to the given information, the interest earned on the principal for 8 years is Rs 340 less than the principal itself. This means that the interest earned is negative, indicating that the principal amount is decreasing.
Formulating the equation:
The formula to calculate simple interest is:
Interest = (Principal * Rate * Time) / 100
In this case, the interest earned for 8 years is Rs 340 less than the principal. So we can write the equation as:
(P * 4 * 8) / 100 = P - 340
Simplifying the equation:
Simplifying the equation, we get:
32P / 100 = P - 340
Multiplying both sides of the equation by 100 to remove the fraction, we get:
32P = 100P - 34000
Subtracting 100P from both sides of the equation, we get:
-68P = -34000
Dividing both sides of the equation by -68, we get:
P = 500
Conclusion:
Therefore, the principal amount is Rs 500. Hence, option 'A' is the correct answer.
- Rate of simple interest = 4%
- Interest for 8 years is Rs 340 less than the principal
To find:
- Principal amount
Solution:
Let's assume the principal amount as P.
Understanding the problem:
According to the given information, the interest earned on the principal for 8 years is Rs 340 less than the principal itself. This means that the interest earned is negative, indicating that the principal amount is decreasing.
Formulating the equation:
The formula to calculate simple interest is:
Interest = (Principal * Rate * Time) / 100
In this case, the interest earned for 8 years is Rs 340 less than the principal. So we can write the equation as:
(P * 4 * 8) / 100 = P - 340
Simplifying the equation:
Simplifying the equation, we get:
32P / 100 = P - 340
Multiplying both sides of the equation by 100 to remove the fraction, we get:
32P = 100P - 34000
Subtracting 100P from both sides of the equation, we get:
-68P = -34000
Dividing both sides of the equation by -68, we get:
P = 500
Conclusion:
Therefore, the principal amount is Rs 500. Hence, option 'A' is the correct answer.
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DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal isa)Rs 500b)Rs 520c)Rs 540d)Rs 580Correct answer is option 'A'. Can you explain this answer?
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DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal isa)Rs 500b)Rs 520c)Rs 540d)Rs 580Correct answer is option 'A'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal isa)Rs 500b)Rs 520c)Rs 540d)Rs 580Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal isa)Rs 500b)Rs 520c)Rs 540d)Rs 580Correct answer is option 'A'. Can you explain this answer?.
DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal isa)Rs 500b)Rs 520c)Rs 540d)Rs 580Correct answer is option 'A'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal isa)Rs 500b)Rs 520c)Rs 540d)Rs 580Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal isa)Rs 500b)Rs 520c)Rs 540d)Rs 580Correct answer is option 'A'. Can you explain this answer?.
Solutions for DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal isa)Rs 500b)Rs 520c)Rs 540d)Rs 580Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Defence.
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DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal isa)Rs 500b)Rs 520c)Rs 540d)Rs 580Correct answer is option 'A'. Can you explain this answer?, a detailed solution for DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal isa)Rs 500b)Rs 520c)Rs 540d)Rs 580Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of DIRECTIONS: Choose the most appropriate answer:Q.A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal isa)Rs 500b)Rs 520c)Rs 540d)Rs 580Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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