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Standard VIII

Mathematics

Rate Compounded Anually or Half-Yearly

How much shou...

Question

How much should money lender lend at simple rate of interest of $15 %$ in order to have Rs. $3234$ at the end of $1 \frac{1}{2}$ years?

Rs.

1640

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Rs.

2620

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Rs.

2610

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Rs.

2640

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Solution

The correct option is C Rs. $2640$
Let the required money be x. Then,
$(x + \frac{x \times 15}{100} \times \frac{3}{2}) = 3234$
or $\frac{49 x}{40} = 3234$
or $x = (\frac{3234 \times 40}{49}) = 2640$

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How much should money lender lend at simple rate of interest of 15% in order to have Rs. 3234 at the end of 112 years?

The correct option is C Rs. 2640Let the required money be x. Then,(x+x×15100×32)=3234or 49x40=3234or x=(3234×4049)=2640

How much should money lender lend at simple rate of interest of $15 %$ in order to have Rs. $3234$ at the end of $1 \frac{1}{2}$ years?

The correct option is C Rs. $2640$
Let the required money be x. Then,
$(x + \frac{x \times 15}{100} \times \frac{3}{2}) = 3234$
or $\frac{49 x}{40} = 3234$
or $x = (\frac{3234 \times 40}{49}) = 2640$