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Mr Pappu Hatela lent a sum of money at simple interest 14% for 6.5 years and 4.3years respectively. If the difference in interest for periods is Rs.5000, then the sum of money is?
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Mr Pappu Hatela lent a sum of money at simple interest 14% for 6.5 yea...
Given:
- Simple interest rate for the first period: 14%
- Simple interest rate for the second period: unknown
- Time period for the first period: 6.5 years
- Time period for the second period: 4.3 years
- Difference in interest for the two periods: Rs. 5000

To find:
- The sum of money lent by Mr Pappu Hatela

Solution:

Let's assume the sum of money lent by Mr Pappu Hatela is 'P' (in Rs).

Calculating interest for the first period:
- Rate of interest: 14%
- Time period: 6.5 years

Using the formula for simple interest:
Interest for the first period = (P * 14 * 6.5) / 100

Calculating interest for the second period:
- Rate of interest: unknown
- Time period: 4.3 years

Using the formula for simple interest:
Interest for the second period = (P * R * 4.3) / 100

Given:
Difference in interest for the two periods = Rs. 5000

Therefore, we can write the equation:
Interest for the first period - Interest for the second period = 5000

Substituting the values:
(P * 14 * 6.5) / 100 - (P * R * 4.3) / 100 = 5000

Simplifying the equation:
91P - 4.3PR = 500000

Calculating the sum of money:
To find the value of 'P', we need to solve the above equation.

Visually appealing solution:
Step 1: Calculate interest for the first period
Interest for the first period = (P * 14 * 6.5) / 100

Step 2: Calculate interest for the second period
Interest for the second period = (P * R * 4.3) / 100

Step 3: Formulate the equation for the difference in interest
Interest for the first period - Interest for the second period = 5000

Step 4: Simplify the equation
91P - 4.3PR = 500000

Step 5: Calculate the sum of money
Solve the equation to find the value of 'P'.
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Mr Pappu Hatela lent a sum of money at simple interest 14% for 6.5 years and 4.3years respectively. If the difference in interest for periods is Rs.5000, then the sum of money is?
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Mr Pappu Hatela lent a sum of money at simple interest 14% for 6.5 years and 4.3years respectively. If the difference in interest for periods is Rs.5000, then the sum of money is? 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 Mr Pappu Hatela lent a sum of money at simple interest 14% for 6.5 years and 4.3years respectively. If the difference in interest for periods is Rs.5000, then the sum of money is? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr Pappu Hatela lent a sum of money at simple interest 14% for 6.5 years and 4.3years respectively. If the difference in interest for periods is Rs.5000, then the sum of money is?.
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