Defence Exam > Defence Questions > The simple interest on an amount in 2 years a...
Start Learning for Free
The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.
- a)Rs. 2500
- b)Rs. 2050
- c)Rs. 2550
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
The simple interest on an amount in 2 years at the rate of 7% per year...
Most Upvoted Answer
The simple interest on an amount in 2 years at the rate of 7% per year...
Given:
- Simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year.
To find:
- The principal amount.
Solution:
Let's assume the principal amount as 'P'.
Step 1: Calculate the simple interest for the first case.
- Principal amount = P
- Time = 2 years
- Rate of interest = 7%
The simple interest formula is given by:
Simple Interest = (Principal * Rate * Time) / 100
Simple Interest = (P * 7 * 2) / 100 = 14P / 100 = 0.14P
Step 2: Calculate the simple interest for the second case.
- Principal amount = Rs. 1750
- Time = 4 years
- Rate of interest = 5%
Simple Interest = (Principal * Rate * Time) / 100
1750 = (1750 * 5 * 4) / 100 = 3500 / 100 = 35
So, the simple interest for the second case is equal to 35.
Step 3: Equate the two simple interests from Step 1 and Step 2.
0.14P = 35
Simplifying the equation, we get:
P = 35 / 0.14 = 2500
Therefore, the principal amount is Rs. 2500.
Answer:
The principal amount is Rs. 2500.
- Simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year.
To find:
- The principal amount.
Solution:
Let's assume the principal amount as 'P'.
Step 1: Calculate the simple interest for the first case.
- Principal amount = P
- Time = 2 years
- Rate of interest = 7%
The simple interest formula is given by:
Simple Interest = (Principal * Rate * Time) / 100
Simple Interest = (P * 7 * 2) / 100 = 14P / 100 = 0.14P
Step 2: Calculate the simple interest for the second case.
- Principal amount = Rs. 1750
- Time = 4 years
- Rate of interest = 5%
Simple Interest = (Principal * Rate * Time) / 100
1750 = (1750 * 5 * 4) / 100 = 3500 / 100 = 35
So, the simple interest for the second case is equal to 35.
Step 3: Equate the two simple interests from Step 1 and Step 2.
0.14P = 35
Simplifying the equation, we get:
P = 35 / 0.14 = 2500
Therefore, the principal amount is Rs. 2500.
Answer:
The principal amount is Rs. 2500.
|
Explore Courses for Defence exam
|
|
Similar Defence Doubts
The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect answer is option 'A'. Can you explain this answer?
Question Description
The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect 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 The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect 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 The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect answer is option 'A'. Can you explain this answer?.
The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect 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 The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect 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 The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect answer is option 'A'. Can you explain this answer?.
Solutions for The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Defence.
Download more important topics, notes, lectures and mock test series for Defence Exam by signing up for free.
Here you can find the meaning of The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The simple interest on an amount in 2 years at the rate of 7% per year is equal to the simple interest on Rs. 1750 in 4 years at the rate of 5% per year. Find the principal.a)Rs. 2500b)Rs. 2050c)Rs. 2550d)None of theseCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Defence tests.
|
|
Explore Courses for Defence exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup