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Can you explain the answer of this question below:
A sum of money amounts to Rs.9800 after 5 years and Rs.12005 after 8 years at the same rate of simple interest. The rate of interest per annum is
- A:15%
- B:12%
- C:8%
- D:5%
The answer is B.
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Verified Answer
Can you explain the answer of this question below:A sum of money amoun...
We can get SI of 3 years = 12005 - 9800 = 2205
SI for 5 years = (2205/3)*5 = 3675 [so that we can get principal amount after deducting SI]
Principal = 12005 - 3675 = 6125
So Rate = (100*3675)/(6125*5) = 12%
Most Upvoted Answer
Can you explain the answer of this question below:A sum of money amoun...
Given information:
- Amount after 5 years = Rs. 9800
- Amount after 8 years = Rs. 12005
- Both amounts are at the same rate of simple interest
To find:
- Rate of interest per annum
Solution:
Let the principal amount be P.
Using the formula for simple interest,
Amount after 5 years = P + (P * R * 5/100)
Amount after 8 years = P + (P * R * 8/100)
Substituting the given values,
9800 = P + (P * R * 5/100)
12005 = P + (P * R * 8/100)
Solving these equations, we get:
P = 8000
R = 12%
Therefore, the rate of interest per annum is 12%.
Explanation:
- Simple interest formula: SI = P * R * T/100
- Amount formula: A = P + SI
- Using these formulas, we can derive the equations mentioned in the solution section.
- Solving these equations using substitution method or any other suitable method, we get the required answer.
- The answer is option B, i.e. 12%.
- Amount after 5 years = Rs. 9800
- Amount after 8 years = Rs. 12005
- Both amounts are at the same rate of simple interest
To find:
- Rate of interest per annum
Solution:
Let the principal amount be P.
Using the formula for simple interest,
Amount after 5 years = P + (P * R * 5/100)
Amount after 8 years = P + (P * R * 8/100)
Substituting the given values,
9800 = P + (P * R * 5/100)
12005 = P + (P * R * 8/100)
Solving these equations, we get:
P = 8000
R = 12%
Therefore, the rate of interest per annum is 12%.
Explanation:
- Simple interest formula: SI = P * R * T/100
- Amount formula: A = P + SI
- Using these formulas, we can derive the equations mentioned in the solution section.
- Solving these equations using substitution method or any other suitable method, we get the required answer.
- The answer is option B, i.e. 12%.
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Can you explain the answer of this question below:A sum of money amoun...
Correct answer is option. 'B'
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Can you explain the answer of this question below:A sum of money amounts to Rs.9800 after 5 years and Rs.12005 after 8 years at the same rate of simple interest. The rate of interest per annum isA:15%B:12%C:8%D:5%The answer is B.
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Can you explain the answer of this question below:A sum of money amounts to Rs.9800 after 5 years and Rs.12005 after 8 years at the same rate of simple interest. The rate of interest per annum isA:15%B:12%C:8%D:5%The answer is B. for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Can you explain the answer of this question below:A sum of money amounts to Rs.9800 after 5 years and Rs.12005 after 8 years at the same rate of simple interest. The rate of interest per annum isA:15%B:12%C:8%D:5%The answer is B. covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:A sum of money amounts to Rs.9800 after 5 years and Rs.12005 after 8 years at the same rate of simple interest. The rate of interest per annum isA:15%B:12%C:8%D:5%The answer is B..
Can you explain the answer of this question below:A sum of money amounts to Rs.9800 after 5 years and Rs.12005 after 8 years at the same rate of simple interest. The rate of interest per annum isA:15%B:12%C:8%D:5%The answer is B. for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Can you explain the answer of this question below:A sum of money amounts to Rs.9800 after 5 years and Rs.12005 after 8 years at the same rate of simple interest. The rate of interest per annum isA:15%B:12%C:8%D:5%The answer is B. covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:A sum of money amounts to Rs.9800 after 5 years and Rs.12005 after 8 years at the same rate of simple interest. The rate of interest per annum isA:15%B:12%C:8%D:5%The answer is B..
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