Ram deposited a certain sum of money in a com | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(A) Let the principal amount deposited in each case be $P$.For the company:Principal = $P$,Rate $(r_1)$ = $12 \%$,Time $(t_1)$ = $4$ years.Simple Inte

Vedclass · Accepted Answer

$5000$

Vedclass · Answer

(A) Let the principal amount deposited in each case be $P$.For the company:Principal = $P$,Rate $(r_1)$ = $12 \%$,Time $(t_1)$ = $4$ years.Simple Interest $(SI_1)$ = $\frac{P 	imes r_1 	imes t_1}{100} = \frac{P 	imes 12 	imes 4}{100} = \frac{48P}{100}$.For the bank:Principal = $P$,Rate $(r_2)$ = $15 \%$,Time $(t_2)$ = $5$ years.Simple Interest $(SI_2)$ = $\frac{P 	imes r_2 	imes t_2}{100} = \frac{P 	imes 15 	imes 5}{100} = \frac{75P}{100}$.Given that the difference in interest is $Rs. 1350$:$SI_2 - SI_1 = 1350$$\frac{75P}{100} - \frac{48P}{100} = 1350$$\frac{27P}{100} = 1350$$P = \frac{1350 	imes 100}{27}$$P = 50 	imes 100 = 5000$.Thus,the sum deposited in each case is $Rs. 5000$.

Similar Questions

The simple interest on a sum for $8$ years is ₹ $47500$. The rate of interest is $10 \%$ per annum for the first $5$ years and $15 \%$ per annum for the next $3$ years. What is the value (in ₹) of the sum?

$A$ sum of money at simple interest becomes four times in $24$ years. The rate per cent of interest per annum is

If the simple interest on ₹ $x$ at a rate of $a \%$ for $m$ years is same as that on ₹ $y$ at a rate of $a^2 \%$ for $m^2$ years,then $x: y$ is equal to

If the amount obtained by Mahesh by investing ₹ $1500$ for $2 \frac{1}{2}$ years at the rate of $8 \%$ $p.a.$ is equal to the amount obtained by Suresh by investing a certain sum for $2$ years at $5 \%$ $p.a.$ simple interest,then the sum invested by Suresh is

The annual payment that will discharge a debt of ₹ $47250$ due in $3$ years at the rate of $5 \%$ simple interest per annum is:

Vedclass Test Series

Exam Paper Generator

Online Exam Module