A person lent out 16000 rupees on simple interest and the same sum on compound interest for 2years at 12 1/2%per annum. Find the ratio of the amounts received by him as interests after two years.

Open in App

Solution

In the above solution he found out the ratio of amount but we need ratio of interest.

From above solution,
simple interest = Rs 4000
compound interest
= Amount - principle
=20250-16000
=4250 Rs

Ratio of intetest =4000/4250
=16/17

Suggest Corrections

Similar questions

Q. A person lent out the certain sum on simple interest and the same sum on compound interest at a certain rate of interest per annum. He noticed that the ratio between the difference of compound interest and simple interest of 3 years and 2 years is 16 : 49. The rate of interest per annum is:

Rahman lent Rs. 16000 to Rasheed at the rate of $12 \frac{1}{2} %$ per annum compound interest. Find the amount payable by Rasheed to Rahman after 3 years.

Kamal and Anand each lent the same sum of money for 2 years at 5% at simple interest and compound interest respectively. Anand received Rs. 15 more than Kamal. Find the amount of money lent by each and the interest received.

Join BYJU'S Learning Program

A person lent out 16000 rupees on simple interest and the same sum on compound interest for 2years at 12 1/2%per annum. Find the ratio of the amounts received by him as interests after two years.

In the above solution he found out the ratio of amount but we need ratio of interest. From above solution, simple interest = Rs 4000 compound interest = Amount - principle =20250-16000 =4250 Rs Ratio of intetest =4000/4250 =16/17

In the above solution he found out the ratio of amount but we need ratio of interest.

From above solution,
simple interest = Rs 4000
compound interest
= Amount - principle
=20250-16000
=4250 Rs

Ratio of intetest =4000/4250
=16/17