Aptitude - Simple Interest - Discussion

Discussion Forum : Simple Interest - General Questions (Q.No. 9)
9.
A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?
3.6%
4.5%
5%
6%
None of these
Answer: Option
Explanation:

Let the original rate be R%. Then, new rate = (2R)%.

Note:
Here, original rate is for 1 year(s); the new rate is for only 4 months i.e. year(s).

725 x R x 1 + 362.50 x 2R x 1 = 33.50
100 100 x 3

(2175 + 725) R = 33.50 x 100 x 3

(2175 + 725) R = 10050

(2900)R = 10050

R = 10050 = 3.46
2900

Original rate = 3.46%

Discussion:
97 comments Page 5 of 10.

Mansalal said:   7 years ago
After 8 months, the principal should be 725+362.50, but it cannot be just 362.50.
Can you justify why is it just 362.50?

Syed said:   7 years ago
How to calculate 725*R*1/ 100 and how come 2175?

Please solve it Step By Step.

Ashik said:   7 years ago
33.50 = ((R*725*8)/(100*12)) + ((2R*362.50*4)/(100*12)).
R = 6%.

Sindu said:   6 years ago
3 * 725 = 2175.

Laxmi kalouni said:   6 years ago
How 2175? Why multiplied by 3.

Please someone explain.

Shubham said:   6 years ago
How they take 725 for 1 year when the says the beginning of the year and after 8 months?

I think 725 is for 8/12 and 362.5 for 1/3.

Please suggest me.

Naga dheeraj said:   5 years ago
725 x R x 1 + 362.50 x 2R x 1 = 33.50.
100 100 x 3.
(2175 + 725) R = 33.50 x 100 x 3,
(2175 + 725) R = 10050,
(2900)R = 10050.
R = 10050 = 3.46.
2900.

Original rate = 3.46%.

Nia Sharma said:   5 years ago
I agree @M.F Vinod.

This is the Correct Explanation.
SI is calculated for 8 months and then for the remaining 4 months. After 8 months an amount of Rs. 362.50 added to the principal and the rate to this added amount is 2R% and the time remaining in a year is 4 months.

So for 4 months the rate of interest for the principal amount Rs. 725 remains same as R%.

Total SI = Initial simple interest for 8 months + Added amount simple interest for remaining 4 months + Starting principal amount for remaining 4 months.

Therefore SI = (725 * 8 * R/100 * 12) + (362. 50 * 4 * 2R/100 * 12) + (725 * 4 * R/100 * 12).
You will get the correct answer.

Rani said:   4 years ago
Here P= 725 ( For 8 month).

SI= (725 * 8÷12 * r)/100=550r/100
And after 8 month , P= 362.50 more
And p become 725+ 362.50= 1087.50.

Now, SI would be (1087.50 * 2r * 4÷12)/100 =725r/100 ( as the rate of interest double and count for only 4 months).

We have given,(550r+725r)/100 = 33.50
1275r = 3350.

r = 3350/1275 = 2.62 (which is not in the option).

So, the answer is option E- None of these.

Sameer said:   1 decade ago
In question there is written After 8 months the rate is twice.

Then, why in the answer this is written the new rate (twice) is only for 4 months.


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