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What sum will discharge a debt of Rs. 5300 due after one and half year at 5% p.a. simple interest today . (a) Rs. 4,730 (b) Rs .4630 (c)Rs.4930 (d) Rs.4830?
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What sum will discharge a debt of Rs. 5300 due after one and half year...
Solution:
Given, Principal amount (P) = Rs. 5300
Rate of interest (R) = 5% p.a.
Time (t) = 1.5 years
Let the sum that will discharge the debt after 1.5 years be x.
Using the formula for simple interest, we have:
Simple Interest (S.I.) = (P * R * t) / 100
S.I. = (5300 * 5 * 1.5) / 100 = Rs. 397.50
We know that the sum that will discharge the debt after 1.5 years is:
x = P + S.I.
x = 5300 + 397.50 = Rs. 5697.50
Therefore, the sum that will discharge the debt of Rs. 5300 due after one and a half year at 5% p.a. simple interest today is Rs. 5697.50.
Hence, the correct option is (e) None of the above.
Note: The options given in the question are all lower than the actual answer.
Given, Principal amount (P) = Rs. 5300
Rate of interest (R) = 5% p.a.
Time (t) = 1.5 years
Let the sum that will discharge the debt after 1.5 years be x.
Using the formula for simple interest, we have:
Simple Interest (S.I.) = (P * R * t) / 100
S.I. = (5300 * 5 * 1.5) / 100 = Rs. 397.50
We know that the sum that will discharge the debt after 1.5 years is:
x = P + S.I.
x = 5300 + 397.50 = Rs. 5697.50
Therefore, the sum that will discharge the debt of Rs. 5300 due after one and a half year at 5% p.a. simple interest today is Rs. 5697.50.
Hence, the correct option is (e) None of the above.
Note: The options given in the question are all lower than the actual answer.
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What sum will discharge a debt of Rs. 5300 due after one and half year at 5% p.a. simple interest today . (a) Rs. 4,730 (b) Rs .4630 (c)Rs.4930 (d) Rs.4830?
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What sum will discharge a debt of Rs. 5300 due after one and half year at 5% p.a. simple interest today . (a) Rs. 4,730 (b) Rs .4630 (c)Rs.4930 (d) Rs.4830? 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 What sum will discharge a debt of Rs. 5300 due after one and half year at 5% p.a. simple interest today . (a) Rs. 4,730 (b) Rs .4630 (c)Rs.4930 (d) Rs.4830? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What sum will discharge a debt of Rs. 5300 due after one and half year at 5% p.a. simple interest today . (a) Rs. 4,730 (b) Rs .4630 (c)Rs.4930 (d) Rs.4830?.
What sum will discharge a debt of Rs. 5300 due after one and half year at 5% p.a. simple interest today . (a) Rs. 4,730 (b) Rs .4630 (c)Rs.4930 (d) Rs.4830? 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 What sum will discharge a debt of Rs. 5300 due after one and half year at 5% p.a. simple interest today . (a) Rs. 4,730 (b) Rs .4630 (c)Rs.4930 (d) Rs.4830? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What sum will discharge a debt of Rs. 5300 due after one and half year at 5% p.a. simple interest today . (a) Rs. 4,730 (b) Rs .4630 (c)Rs.4930 (d) Rs.4830?.
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