CA Foundation Exam > CA Foundation Questions > 22. The difference between in simple interest...
Start Learning for Free
22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10?
Most Upvoted Answer
22. The difference between in simple interest on a sum invested of ove...
Solution:
Given, Principal (P) = overline Psi 1500, Time (t) = 3 years
Let the two rates be r1 and r2. Then,
Simple Interest (SI) = (P * r1 * t)/100
SI1 - SI2 = (P * r1 * t)/100 - (P * r2 * t)/100
18 = P * t * (r1 - r2)/100
Calculation of rate difference:
We need to find the difference between the two rates. Let's assume that the rate r2 is lesser than r1.
r1 - r2 = (18 * 100)/(P * t)
r1 - r2 = (18 * 100)/(1500 * 3)
r1 - r2 = 0.4
Therefore, the difference in their rate is 0.4.
Explanation:
In this question, we have to find the difference between the two rates when the principal is overline Psi 1500 and invested for 3 years with a difference of 18 in the simple interest earned.
We know that Simple Interest (SI) = (P * r * t)/100
We can find the difference in SI by subtracting the SI of the two rates. Then, we equate the difference in SI to 18 and calculate the rate difference. We assume that the rate r2 is lesser than r1.
Finally, we get the rate difference as 0.4.
Hence, the correct option is (a) 0.4.
Given, Principal (P) = overline Psi 1500, Time (t) = 3 years
Let the two rates be r1 and r2. Then,
Simple Interest (SI) = (P * r1 * t)/100
SI1 - SI2 = (P * r1 * t)/100 - (P * r2 * t)/100
18 = P * t * (r1 - r2)/100
Calculation of rate difference:
We need to find the difference between the two rates. Let's assume that the rate r2 is lesser than r1.
r1 - r2 = (18 * 100)/(P * t)
r1 - r2 = (18 * 100)/(1500 * 3)
r1 - r2 = 0.4
Therefore, the difference in their rate is 0.4.
Explanation:
In this question, we have to find the difference between the two rates when the principal is overline Psi 1500 and invested for 3 years with a difference of 18 in the simple interest earned.
We know that Simple Interest (SI) = (P * r * t)/100
We can find the difference in SI by subtracting the SI of the two rates. Then, we equate the difference in SI to 18 and calculate the rate difference. We assume that the rate r2 is lesser than r1.
Finally, we get the rate difference as 0.4.
Hence, the correct option is (a) 0.4.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10?
Question Description
22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10?.
22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10?.
Solutions for 22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of 22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10? defined & explained in the simplest way possible. Besides giving the explanation of
22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10?, a detailed solution for 22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10? has been provided alongside types of 22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10? theory, EduRev gives you an
ample number of questions to practice 22. The difference between in simple interest on a sum invested of overline Psi 1500 for 3 years is *18. The difference in their rate is (a) 0.4 (b) 0.6 4/16) 0.8 (d) 0.10? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup