Class 6 Exam > Class 6 Questions > A sum of money amount to Rs 5200 in 5 year an...
Start Learning for Free
A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is?
Most Upvoted Answer
A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at ...
Calculation of simple interest:
Simple interest is calculated using the formula:
Simple Interest = (P * R * T) / 100
Where,
P = Principal amount
R = Rate of interest
T = Time in years
Calculation of principal amount:
Let the principal amount be P
According to the question,
P + (P * R * 5) / 100 = 5200
P + (5PR) / 100 = 5200
P + 0.05PR = 5200
Similarly,
P + (P * R * 7) / 100 = 5680
P + (7PR) / 100 = 5680
P + 0.07PR = 5680
Solving the equations:
Multiplying the first equation by 100 and subtracting it from the second equation, we get:
0.07PR - 0.05PR = 5680 - 5200
0.02PR = 480
PR = 24000
Therefore, the principal amount is Rs. 24000.
Calculation of rate of interest:
Using the first equation and substituting the value of P, we get:
24000 + (24000 * R * 5) / 100 = 5200
24000R = 5200 - 12000
24000R = 4000
R = 4000 / 24000
R = 1/6
R = 0.1667
Therefore, the rate of interest is 16.67%.
Answer:
The simple interest per annum is 16.67%.
Simple interest is calculated using the formula:
Simple Interest = (P * R * T) / 100
Where,
P = Principal amount
R = Rate of interest
T = Time in years
Calculation of principal amount:
Let the principal amount be P
According to the question,
P + (P * R * 5) / 100 = 5200
P + (5PR) / 100 = 5200
P + 0.05PR = 5200
Similarly,
P + (P * R * 7) / 100 = 5680
P + (7PR) / 100 = 5680
P + 0.07PR = 5680
Solving the equations:
Multiplying the first equation by 100 and subtracting it from the second equation, we get:
0.07PR - 0.05PR = 5680 - 5200
0.02PR = 480
PR = 24000
Therefore, the principal amount is Rs. 24000.
Calculation of rate of interest:
Using the first equation and substituting the value of P, we get:
24000 + (24000 * R * 5) / 100 = 5200
24000R = 5200 - 12000
24000R = 4000
R = 4000 / 24000
R = 1/6
R = 0.1667
Therefore, the rate of interest is 16.67%.
Answer:
The simple interest per annum is 16.67%.
Community Answer
A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at ...
P + SI for 5 years = 5200…………(I) P + SI for 7 years = 5680…………(II) On subtracting equation (I) from (II) SI for 2 years = 480 ∴ SI for 1 years = 240 ∴ From equation (I), P + 5 \times 240 = 5200 => P = 5200 - 1200 = 4000 Rs. \therefore R = \frac{SI\times 100}{T\times P} = \frac{240\times 100}{1\times 4000} = 6\% thus, answer is 6%
Attention Class 6 Students!
To make sure you are not studying endlessly, EduRev has designed Class 6 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 6.
|
Explore Courses for Class 6 exam
|
|
Similar Class 6 Doubts
Top Courses for Class 6View all
A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is?
Question Description
A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is?.
A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is?.
Solutions for A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is? in English & in Hindi are available as part of our courses for Class 6.
Download more important topics, notes, lectures and mock test series for Class 6 Exam by signing up for free.
Here you can find the meaning of A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is? defined & explained in the simplest way possible. Besides giving the explanation of
A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is?, a detailed solution for A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is? has been provided alongside types of A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is? theory, EduRev gives you an
ample number of questions to practice A sum of money amount to Rs 5200 in 5 year and to Rs5680 in 7years at simple interest per annum is? tests, examples and also practice Class 6 tests.
|
|
Explore Courses for Class 6 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