If the rate of interest is increased by 2%, the simple interest received on a sum of money invested by Mr Vikram increases by Rs 250, If the time is increased by 2 terms, the simple interest on the same sum increases by RS 205, The sum is:

35000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

40000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

45000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Cannot be determined

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D Cannot be determined
For principal amount x, rate of interest R, time T
$\frac{x (R + 2)}{100} T - \frac{x R}{100} T = 250 \to 1 \frac{x R (T + 2)}{100} - \frac{x R T}{100} = 205 \to 2$
From (1
2xT = 25000, Tx = 12500
From (2
2xR = 20500, Rx = 10250
From both the equations x cannot be determined

Suggest Corrections

Similar questions

Q. If the rate increases by

2 %

, the simple interest received on a sum of money increases by

R s . 108

. If the time period is increased by

2

years, the simple interest on the same sum increases by

R s . 180

. The sum is

If the rate on certain sum of money increases by 6% the simple interest increases by Rs. 200. If the time period is increased by 4 years, the rate of interest increases by Rs. 160 on the same amount. The sum is

Q. The simple Interest on a sum increases by Rs.

768

if the rate of interest is increased by

4 %

. If the rate of interest is increased by

3 %

, the interest will increase by-

Q. A sum of Rs. 600 amounts to Rs. 720 in 4 years at simple interest. What will it amount to if the rate of interest is increased by 2%?

Q. A sum of

R s . 1500

amounts to

R s . 3000

in five years at certain rate of simple intersect. If the rate of interest is increased by

1 %

the same sum in the same time would amount to:

Join BYJU'S Learning Program

If the rate of interest is increased by 2%, the simple interest received on a sum of money invested by Mr Vikram increases by Rs 250, If the time is increased by 2 terms, the simple interest on the same sum increases by RS 205, The sum is:

The correct option is D Cannot be determinedFor principal amount x, rate of interest R, time T x(R+2)100T−xR100T=250→1xR(T+2)100−xRT100=205→2 From (1 2xT = 25000, Tx = 12500 From (2 2xR = 20500, Rx = 10250 From both the equations x cannot be determined