Scribd
Upload
55 views5 pages

Ci 03

The document contains two word problems involving simple and compound interest calculations: 1) The rate of interest is found to be 12% and the principal sum invested is Rs. 5000 2) The rate of interest is found to be 5% and the principal sum borrowed is Rs. 200

Uploaded by

Ashfaq Khan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
55 views5 pages

Ci 03

The document contains two word problems involving simple and compound interest calculations: 1) The rate of interest is found to be 12% and the principal sum invested is Rs. 5000 2) The rate of interest is found to be 5% and the principal sum borrowed is Rs. 200

Uploaded by

Ashfaq Khan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

The S.I on a certain sum for 2 years is ₹1200 and C.

I on the same sum at


the same rate for 2 years is ₹1272. Find the rate of interest and the sum
invested

Let Principal money (P) be Rs x.


Time period (T) = 2 years.
Rate (R) = r% p.a.
We know,
Compound Interest (CI) = P[(1 + R)ⁿ - 1]
Here n = 2 years
So,
1272 = P [(1 + R)² - 1]
⇒P [(1 + R)² - 1] = 1272 ...(1)
Again, Simple Interest (SI) = PRT
So, 1200 = 2PR
⇒ 2PR = 1200 ...(2)
Dividing (1) by (2),
P [(1 + R)² - 1]/2PR =  1272/1200
⇒  [(1 + R)² - 1]/2R = 1.06
⇒  [(1 + R)² - 1]/R = 2,12
⇒ 1 + R² + 2R - 1 - 2.12R = 0
⇒ R² + 2R - 2.12R = 0
⇒ R² - 0.12R = 0
⇒ R(R-0.12) = 0
From zero product rule,
R = 0.12 or 12%
As, 1200 = P*0.12*2
⇒ 0.24P = 1200
⇒ P = 1200/0.24 = 5000
Principal money is Rs 5000
The compound interest on a sum of money for 2 years is Rs 410 and the simple interest on the same sum
for the same period and at the same rate is Rs. 400. Find the rate of interest and the sum borrowed.

It is given that simple interest in 2 years = Rs.400


⇒  Simple interest for 1 year = Rs.200
⇒  Hence, Compound interest for 1 year = Rs.200
⇒  Given compound interest for 2 years = Rs. 410
∴   Compound interest for 2 years = Compound interest 1st year +
Compound interest 2nd year
⇒  Compound interest for 2nd year = Rs.410 - Rs.200 = Rs.210
⇒  That is interest on Rs.200 for 1 year = Rs.210-Rs.200=Rs.10
⇒  We know I=100P×T×R
⇒  10=100200×1×R
⇒  2R=10
∴    R=5%
there were 7200000 people in a town is the population of this town
increases at the rate of 5% per annum find the population at the end of 3
years

population = 7200000×5×3÷100
=108000000÷100
=1080000is the population

The present population of s town is 798600. if it increased at the rate of


10% every year , what was it's population 3 years ago.
Present population of town = 798600
Rate of increase in population annually = 10%
Let the population 1 year ago be x .
Now,
(x + 10% of x) = 798600
(x + x/10) = 798600
11x/10 = 798600
x = 798600 × 10/11
x = 726000
So,
The population 1 year ago will be 726000.
(x + 10% of x) = 726000
(x + x/10) = 726000
11x/10 = 726000
x = 726000 × 10/11
x = 660000
So,
The population 2 year ago will be 660000.
(x + 10% of x) = 660000
(x + x/10) = 660000
11x/10 = 660000
x = 660000 × 10/11
x = 600000
So,
The population 3 year ago will be 600000.

You might also like