Mathematics
A certain sum amounts to ₹ 3,825 in 4 years and to ₹ 4,050 in 6 years. Find the rate percent and the sum.
Simple Interest
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Answer
Given:
Amount in 4 years = ₹ 3,825
⇒ P + S.I. of 4 years = = ₹ 3,825 ……….(1)
Amount in 6 years = ₹ 4,050
⇒ P + S.I. of 6 years = ₹ 4,050 ……….(2)
Subtracting equation (1) from (2), we get
S.I. of 2 years =
=
S.I. of 1 year = ₹
=
S.I. of 4 years =
=
From equation (1), we get:
P + ₹ 450 = ₹ 3,825
P = ₹ 3,825 - ₹ 450
P = ₹ 3,375
Now when P = ₹ 3,375
S.I. = ₹ 112.5
T = 1 year
Let the rate be .
As we know
Hence, principal = and rate =
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