Aptitude - Simple Interest - Discussion

Discussion Forum : Simple Interest - General Questions (Q.No. 1)
1.
A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
Rs. 650
Rs. 690
Rs. 698
Rs. 700
Answer: Option
Explanation:

S.I. for 1 year = Rs. (854 - 815) = Rs. 39.

S.I. for 3 years = Rs.(39 x 3) = Rs. 117.

Principal = Rs. (815 - 117) = Rs. 698.

Discussion:
171 comments Page 7 of 18.

Rahul dev singh said:   9 years ago
If certain principal amounts to A1 in T1 year and to A2 in T2 year ,then the sum is given by = A2 .T1--A1.T2
_____________
T2--T1
Now use the formula
= 854 * 3 -- 815 * 4
________________
4--3
= 2562--3260
____________
1
= 698.

Karthikeyan said:   9 years ago
@Gayathri.

Superb explanation, You are genius Thank you.

Chirag said:   9 years ago
@Rahul.

How? Please explain your solution clearly.

Tanuja said:   9 years ago
Yeah, this is the very easy solution. But can you explain this method with some other examples?

Like 9 years SI is 657 and 5 years SI is 555 so then?

Ryan said:   9 years ago
@Tanuja

Use Vikram's explanation as reference

In case you didn't understand still, just logically understand that the:

Resultant sum = Principal + (SI * No. of years).

In the case of your example which is 9 years SI is 657 and 5 years SI is 555 so:

P + 9SI = 657 -------------(1)
P + 5SI = 555 -------------(2)

Subtracting (1) with (2) you get:

4SI= 102,
SI = 102/4,
=> SI = 25.5.

Substituting SI in (1) equation you get:

P + 9 (25.5) = 657,
P = 657 - 9 (25.5),
=> P = 427.5.

Chikuuuu said:   9 years ago
Your explanation helped me a lot, Thanks @Gayathri.

Jitendra said:   9 years ago
@Gayathri.

Very good explanation, easily understand. Thanks.

Sachin said:   9 years ago
Thanks for all the solution and explanation.

Deepti said:   9 years ago
It is given in sum that SI of 3yrs is 815 so why we need to multiply 3 with 39 to get SI for 3 years?

Suraj.D said:   9 years ago
Please tell me if we subtract 854- 815 we get principal+ s.I for 1 year. Then can we consider it only s.I for 1 year? Please explain me.


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