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Reshma put an amount at simple interest at a certain rate for 3 years. Had she been put at a 2% higher rate, she would have received Rs 360 more. Find the sum. - Mathematics and Statistics

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प्रश्न

Reshma put an amount at simple interest at a certain rate for 3 years. Had she been put at a 2% higher rate, she would have received Rs 360 more. Find the sum.

योग

उत्तर

Let P and R represent the principal amount and rate of interest p.a. respectively.

Given duration = T = 3 years

Simple interest = `"PRT"/100 = (3"PR")/100`

Given that, had the amount been kept at 2% more, then gain would have been ₹ 360 more.

i.e. `("P"("R" + 2)(3))/100 = (3"PR")/100 + 360`

∴ `(3"PR")/100 + (6"P")/100 = (3"PR")/100 + 360`

∴ `(6"P")/100 = 360`

∴ P = 6000

∴ The sum of money is ₹ 6,000.

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Simple and Compound Interest (Entrance Exam)
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अध्याय 9: Commercial Mathematics - Miscellaneous Exercise 9 [पृष्ठ १४४]

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बालभारती Mathematics and Statistics 2 (Commerce) [English] 11 Standard Maharashtra State Board
अध्याय 9 Commercial Mathematics
Miscellaneous Exercise 9 | Q 7 | पृष्ठ १४४

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