Question 135
The simple interest on a certain sum for 2.5 yr at 12 % per annum is ₹ 300 less than the simple interest on the same sum for 4.5 yr at 8 % per annum. Find the sum.
Let the sum be x.
Given that,
P1=x,R1=12% and T1=2.5 yr=52yr
and
P2=x,R2=8% andT2=4.5 yr=92yr
According to the question,
I2−I1=300⇒P2×R2×T2100−P1×R1×T1100=300⇒x×8×92×100−x×12×52×100=300⇒72x−60x=300×200⇒12x=60000
x = ₹ 5000
Hence, the sum or the principal is ₹ 5000.