Aptitude - Simple Interest - Discussion
Discussion Forum : Simple Interest - General Questions (Q.No. 11)
11.
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:
Answer: Option
Explanation:
S.I. for 3 years = Rs. (12005 - 9800) = Rs. 2205.
| S.I. for 5 years = Rs. |  |
2205 | x 5 |  |
= Rs. 3675 |
| 3 |
Principal = Rs. (9800 - 3675) = Rs. 6125.
| Hence, rate = | |
100 x 3675 | % |
= 12% |
| 6125 x 5 |
Video Explanation: https://youtu.be/UYwiBCRN39s
Discussion:
68 comments Page 2 of 7.
Hemanth said:
1 decade ago
In the question given only amount. But when we subtract 8 years amount to 5 years amount we get S.I of 3 years.
(1)
Siva said:
10 years ago
9800 and 12005 is principle or simple interest? Please explain clearly.
(1)
Rakshith said:
7 years ago
Hi guys,
Can anybody explain me why are we taking (2205/3)*5?
Please.
Can anybody explain me why are we taking (2205/3)*5?
Please.
(1)
Fera said:
7 years ago
A radio is sold for RM75 cash. Mak Minah bought it by making a down payment of RM20. He paid the balance plus interest charged of RM5 after one month. What was the rate was charged?
Can someone help me to solve this?
Can someone help me to solve this?
Mohit Mehta said:
8 years ago
Sum of an amount means? Please, anyone tell me to get it.
Fera said:
7 years ago
A radio is sold for RM75 cash. Mak minah bought it by making a down payment of RM20. He paid the balance plus interest charged of RM5 after one month. What was the rate was charged?
Can someone help me solve this?
Can someone help me solve this?
Aravind amarnath said:
7 years ago
(100*3675)/(6125*5)% Please anyone explain this step.
Sabu said:
7 years ago
The discussion is very helpful. Thanks.
M.L.R.D said:
8 years ago
After 5 years,
P + S.I = 9800 (sum of money amount).
After 8 years,
P + S.I = 12005 (sum of money amount).
P is no change. But S.I change every year. Therefore the sum of money amount will be changed. That's why the difference of the sum of money amount is equal to different of S.I.
P + S.I = 9800 (sum of money amount).
After 8 years,
P + S.I = 12005 (sum of money amount).
P is no change. But S.I change every year. Therefore the sum of money amount will be changed. That's why the difference of the sum of money amount is equal to different of S.I.
MOHANRAJ said:
8 years ago
SI for 3yrs = 12005-9800=2205.
SI for 1 yr = 2205/3=735.
(SI)Now cal for 5 yrs =735*5=3675.
Principal amt=9800-3675=6125.
SI=PNR/100.
3675=6125*5*R/100.
R=12.
SI for 1 yr = 2205/3=735.
(SI)Now cal for 5 yrs =735*5=3675.
Principal amt=9800-3675=6125.
SI=PNR/100.
3675=6125*5*R/100.
R=12.
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