Class 8: Chapter 15 – Simple Interest and

Compound Interest – Exercise 15A

Q1. Find the simple interest and amount on:
1 2
i. Rs. 4500 for 2 years at 7 % per annum
2 3
𝑃×𝑅×𝑇
𝑆. 𝐼. =
100
2 23
𝑃 = 𝑅𝑠. 45000, 𝑅 = 7 %= %
3 3
1 5
𝑇 = 2 𝑦𝑒𝑎𝑟 = 𝑦𝑒𝑎𝑟
2 2
23 5
45000 × ×
𝑆. 𝐼. = 3 2
100
= 𝑅𝑠. 8625
𝐴𝑚𝑜𝑢𝑛𝑡 = 𝑃 + 𝑆. 𝐼 = 𝑅𝑠. 53625

ii. Rs. 6360 for 6 years 3 months at 8% per annum

𝑃 = 𝑅𝑠. 6360
𝑅 = 8%
1
𝑇 = 6 𝑦𝑒𝑎𝑟 = 25/4 𝑦𝑒𝑎𝑟
4
(𝑃 × 𝑅 × 𝑇)
𝑆. 𝐼. =
100
25
(6360 × 8 × )
= 4
100
= 𝑅𝑠. 3180
𝐴𝑚𝑜𝑢𝑛𝑡 = 𝑅𝑠. 6360 + 3180 = 𝑅𝑠. 9540
3
iii. Rs. 19200 for 11 months at 9 % per annum
4
3 39
𝑃 = 𝑅𝑠. 19200, 𝑅 = 9 %= %
4 4
11
𝑇 = 11 𝑀𝑜𝑛𝑡ℎ𝑠 = 𝑦𝑒𝑎𝑟𝑠
12
39 11
19200 × ×
𝑆. 𝐼. 𝑅𝑠. = 4 12
100
= 𝑅𝑠. 1716
𝐴𝑚𝑜𝑢𝑛𝑡 = 𝑃 + 𝑆𝐼
= 𝑅𝑠. (19200 + 1716)
= 𝑅𝑠. 20916

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 1
iv. Rs. 58400 for 75 days at 6 % per annum
2
1 13
𝑃 = 𝑅𝑠. 58400, 𝑅 = 66 % = %
2 2
75
𝑇 = 75 𝑑𝑎𝑦𝑠 = 𝑦𝑒𝑎𝑟𝑠
365
13 75
58400 × ×
𝑆. 𝐼. = 𝑅𝑠. 2 365 = 𝑅𝑠. 780
100
𝐴𝑚𝑜𝑢𝑛𝑡 = 𝑅𝑠. 59180

Q2. Find the simple interest on Rs.8600 from 18 th October, 2006 to 13th march, 2007 at 8%
per annum. Also find the amount.
𝑃 = 𝑅𝑠. 8600
𝑅 = 8%
𝑇 = 18 𝑂𝑐𝑡. 𝑡𝑜 13 𝑀𝑎𝑟𝑐ℎ
= (13 + 30 + 31 + 31 + 28 + 13) 𝑑𝑎𝑦𝑠
146
= 146 𝑑𝑎𝑦𝑠 = 𝑦𝑒𝑎𝑟𝑠
365
𝑃×𝑅×𝑇
𝑆. 𝐼 =
100
146
8600 × 8 ×
= 𝑅𝑠. 365
100
= 𝑅𝑠. 275.20
𝐴𝑚𝑜𝑢𝑛𝑡 = 𝑃 + 𝑆. 𝐼. = 𝑅𝑠. 8600 + 275.2
= 𝑅𝑠. 8875.2

Q3. Ashish lent Rs.10500 to Mark at 7% per annum simple interest. After 5 years, Mark
discharged the debt by giving a watch and Rs.3000 in cash. What is the value of the watch?
𝑃 = 𝑅𝑠. 10500, 𝑅 = 7%, 𝑇 = 5 𝑦𝑒𝑎𝑟𝑠
𝑃×𝑅×𝑇
𝑆. 𝐼 =
100
10500 × 7 × 5
=
100
= 𝑅𝑠. 3675
𝐴𝑚𝑜𝑢𝑛𝑡 = 𝑃 + 𝑆. 𝐼.
= 𝑅𝑠. 10500 + 3675
= 𝑅𝑠. 14175
𝑇ℎ𝑒 𝑣𝑎𝑙𝑢𝑒 𝑜𝑓 𝑤𝑎𝑡𝑐ℎ = 𝐴𝑚𝑜𝑢𝑛𝑡 – 𝑅𝑠. 13000
= 𝑅𝑠. 14175– 13000
= 𝑅𝑠. 1175

1
Q4. In what time will the simple interest on Rs.7560 be Rs.1102 at 6 % per annum?
4
1 25
𝑃 = 𝑅𝑠. 7560, 𝑆. 𝐼. = 1102.5, 𝑅 = 6 %= %
4 4
𝑊𝑒 𝑎𝑟𝑒 𝑟𝑒𝑞𝑢𝑖𝑟𝑒𝑠 𝑡𝑜 𝑐𝑜𝑚𝑝𝑢𝑡𝑒 𝑡𝑖𝑚𝑒 𝑖𝑛 𝑦𝑒𝑎𝑟𝑠.

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 𝑃×𝑅×𝑇
𝑆. 𝐼. =
100
𝑂𝑅
𝑆. 𝐼.× 100
𝑇 =
𝑃×𝑅
1102.5 × 100
=
25
7560 ×
4
= 2.3 𝑦𝑒𝑎𝑟𝑠
= 2 𝑦𝑒𝑎𝑟𝑠 4 𝑚𝑜𝑛𝑡ℎ𝑠
1
Q5. In how much time will Rs.25600 amount to Rs.35665, when money is worth 9 %per
4
annum simple interest?
𝐴𝑚𝑜𝑢𝑛𝑡 = 𝑅𝑠. 35664, 𝑃 = 𝑅𝑠. 25600
𝑆. 𝐼. 𝐴𝑚𝑜𝑢𝑛𝑡 − 𝑃
= 𝑅𝑠. (35664 − 25600)
= 𝑅𝑠. 10064
1 37
𝑅 = 9 %= %
4 4
𝑃×𝑅×𝑇
𝑆. 𝐼. =
100
𝑆. 𝐼.× 100
𝑇 =
𝑃×𝑅
10064 × 100
=
37
25600 ×
4
= 4.25 𝑦𝑒𝑎𝑟𝑠
𝑜𝑟 4 𝑦𝑒𝑎𝑟𝑠 3 𝑚𝑜𝑛𝑡ℎ𝑠
1
Q6. At what rate per cent per annum will Rs.1625 amount to Rs.2080 in 3 years?
2
1 7
𝑃 = 𝑅𝑠. 1625, 𝐴𝑚𝑜𝑢𝑛𝑡 = 𝑅𝑠. 2080, 𝑇 = 3 𝑦𝑒𝑎𝑟𝑠 = 𝑦𝑒𝑎𝑟𝑠
2 2
𝑊𝑒 ℎ𝑎𝑣𝑒 𝑡𝑜 𝑐𝑜𝑚𝑝𝑢𝑡𝑒 𝑟𝑎𝑡𝑒 𝑜𝑓 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑅
𝑃×𝑅×𝑇
𝑆. 𝐼. =
100
𝑆. 𝐼.× 100
𝑅 = … … … … … … … … . (1)
𝑃×𝑇
𝑆. 𝐼. = 𝐴𝑚𝑜𝑢𝑛𝑡 – 𝑃
= 𝑅𝑠. (2080– 1625)
= 𝑅𝑠. 455
𝑆𝑢𝑏𝑠𝑡𝑖𝑡𝑢𝑡𝑖𝑛𝑔 𝑡ℎ𝑒 𝑣𝑎𝑙𝑢𝑒 𝑜𝑓 𝑆. 𝐼. 𝑃 & 𝑇 𝑖𝑛 𝐸𝑞𝑢𝑎𝑙 (1) 𝑤𝑒 𝑔𝑒𝑡
455 × 100
𝑅= = 8%
7
1625 ×
2

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 Q7. At what rate per cent per annum will the simple interest on Rs.6720 be Rs.1911 in 3
years 3 months?
𝑃 = 𝑅𝑠. 6720, 𝑆. 𝐼. = 𝑅𝑠. 1911
𝑇𝑖𝑚𝑒 = 3 𝑦𝑒𝑎𝑟 3 𝑚𝑜𝑛𝑡ℎ𝑠
1 13
= 3 𝑦𝑒𝑎𝑟𝑠 = 𝑦𝑒𝑎𝑟
4 4
𝑊𝑒 ℎ𝑎𝑣𝑒 𝑡𝑜 𝑐𝑜𝑚𝑝𝑢𝑡𝑒 𝑅.
𝑃×𝑅×𝑇
𝑆. 𝐼. =
100
𝑆. 𝐼.× 100
𝑅=
𝑃×𝑇
1911 × 100 3
= = 8.75% = 8 %
13 4
6720 ×
4

Q8. At what rate per cent of simple interest will a sum of money double itself in 12 years?
𝑃𝑟𝑖𝑛𝑐𝑖𝑝𝑙𝑒 𝑃 = 𝑥
𝐴𝑚𝑜𝑢𝑛𝑡 = 2 𝑥
𝑆. 𝐼. = 𝑥
𝑇𝑖𝑚𝑒 = 12 𝑦𝑒𝑎𝑟𝑠
𝑊𝑒 ℎ𝑎𝑣𝑒 𝑡𝑜 𝑐𝑜𝑚𝑝𝑢𝑡𝑒 𝑅
𝑃×𝑅×𝑇
𝑆. 𝐼. = .
100
𝑆. 𝐼.× 100
𝑅 =
𝑃×𝑇
𝑥 × 100 100
= = = 8 𝑦𝑒𝑎𝑟𝑠 4 𝑚𝑜𝑛𝑡ℎ𝑠
𝑥 × 12 12
9
Q9. Simple interest will a sum is of the sum. Find the rate per cent and the time if both
16
are numerically equal.
𝐿𝑒𝑡 𝑃𝑟𝑖𝑛𝑐𝑖𝑝𝑙𝑒 𝑃 = 𝑅𝑠. 𝑥
9
𝑆. 𝐼. = 𝑅𝑠. 𝑥
16
𝑁𝑢𝑚𝑒𝑟𝑖𝑐𝑎𝑙 𝑅 = 𝑇
𝑃×𝑅×𝑇
𝑆. 𝐼. = .
100
𝑊𝑒 ℎ𝑎𝑣𝑒 𝑡𝑜 𝑐𝑜𝑚𝑝𝑢𝑡𝑒 𝑅.
𝑆. 𝐼.× 100
𝑅 =
𝑃×𝑇
𝑇 = 𝑅
𝑆. 𝐼.× 100
𝑅2 =
𝑃
9
𝑥 × 100 9
= 16 = × 100
𝑥 16
3
𝑅 = × 10 = 7.5%
4
4

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 𝑃𝑒𝑟 𝑎𝑛𝑛𝑢𝑚,
1
𝑇 = 7 𝑦𝑒𝑎𝑟𝑠
2
1
Q10. What sum will yield Rs.406 as simple interest in 1 year 2 months at 6 % per annum?
4
𝑆. 𝐼. = 𝑅𝑠. 406
2 1 7
𝑇 = 1𝑦𝑒𝑎𝑟 2 𝑚𝑜𝑛𝑡ℎ𝑠 = 1 = 1 = 𝑦𝑒𝑎𝑟𝑠
12 6 6
1 25
𝑅 = 6 %=
4 4%
𝑊𝑒 𝑎𝑟𝑒 𝑟𝑒𝑞𝑢𝑖𝑟𝑒𝑑 𝑡𝑜 𝑐𝑜𝑚𝑝𝑢𝑡𝑒 𝑃
𝑃×𝑅×𝑇
𝑆. 𝐼. =
100
𝑆. 𝐼.× 100
𝑃=
𝑅×𝑇
406 × 100
=
25 7
×
4 6
= 𝑅𝑠. 5568
1 1
Q11. What sum will amount to 1748 in 2 years at 7 % per annum simple interest?
2 2
1 1
𝐴𝑚𝑜𝑢𝑛𝑡 𝑅𝑠. 1748, 𝑇 = 2. 𝑦𝑒𝑎𝑟𝑠, 𝑆 =7 %
2 2
𝑊𝑒 ℎ𝑎𝑣𝑒 𝑡𝑜 𝑐𝑜𝑚𝑝𝑢𝑡𝑒 𝑃
𝑃 ×× 𝑅 × 𝑇
𝑆. 𝐼. = .
100
𝑆. 𝐼.× 100
𝑃 =
𝑅×𝑇
𝑆. 𝐼. = 𝐴𝑚𝑜𝑢𝑛𝑡 – 𝑃
= (1748– 𝑃)
(1748 − 𝑃) × 100
𝑃 =
1 1
7 ×2
2 2
15 5
𝑃× × = (1748 − 𝑃)100
2 2
𝑂𝑅
75
𝑃 (100 + ) = 1748 × 100
4
475
𝑃 ( ) = 1748 × 100
4
1748 × 4 × 100
𝑃 =
475
= 𝑅𝑠. 1472

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 8
Q12. A sum of money becomes of itself in 5 years at certain rate of simple interest. Find
5
the rate of interest.
8
𝐿𝑒𝑡 𝑃 = 𝑅𝑠. 𝑥, 𝐴𝑚𝑜𝑢𝑛𝑡 = 𝑅𝑠. 𝑥
5
𝑇𝑖𝑚𝑒 𝑇 = 5 𝑦𝑒𝑎𝑟𝑠
𝑊𝑒 ℎ𝑎𝑣𝑒 𝑡𝑜 𝑐𝑜𝑚𝑝𝑢𝑡𝑒 𝑟𝑎𝑡𝑒 𝑜𝑓 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑅.
8
𝑆. 𝐼. = 𝑅𝑠. ( 𝑥 − 𝑥)
5
3
= 𝑅𝑠. 𝑥
5
𝑃×𝑅×𝑇
𝑆. 𝐼. =
100
𝑆. 𝐼.× 100
𝑅 =
𝑃×𝑇
3
𝑥 × 100
= 5
𝑥×5
300
= = 12% 𝑝. 𝑎.
25
1
Q13. What sum of money lent at 12 % per annum will produce the same interest in 4 years
2
as Rs.8560 produces in 5 years at 12% per annum?

𝐶𝑜𝑛𝑠𝑖𝑑𝑒𝑟
𝑃 = 𝑅𝑠. 8560, 𝑅 = 12%, 𝑇 = 5 𝑦𝑒𝑎𝑟𝑠
𝑃×𝑅×𝑇
𝑆. 𝐼. =
100
8560 × 12 × 5
= = 𝑅𝑠. 5136
100
1
𝑁𝑜𝑤 𝑤𝑒 ℎ𝑎𝑣𝑒 𝑡𝑜 𝑐𝑜𝑚𝑝𝑢𝑡𝑒 𝑃 𝑖𝑓 𝑇 = 4 𝑦𝑒𝑎𝑟𝑠, 𝑅 = 12 % 𝑎𝑛𝑑 𝑆. 𝐼. = 𝑅𝑠. 5316
2
𝑃×𝑅×𝑇
𝑆. 𝐼. =
100
𝑆. 𝐼.× 100
𝑃 =
𝑅×𝑇
5136 × 100
=
1
12 × 4
2
= 𝑅𝑠. 10272

Q14. If Rs.1250 amount to 1550 in 3 years at simple interest, what will Rs.3100 amount to
in 4 years at the same rate?
𝐹𝑖𝑟𝑠𝑡 𝑐𝑜𝑚𝑝𝑢𝑡𝑒 𝑅 𝑓𝑜𝑟
𝑃 = 𝑅𝑠. 1250, 𝐴𝑚𝑜𝑢𝑛𝑡 = 𝑅𝑠. 1550, 𝑇 = 3 𝑌𝑒𝑎𝑟𝑠
𝑆. 𝐼. = 𝐴𝑚𝑜𝑢𝑛𝑡 – 𝑃
= 1550 – 1250

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 = 𝑅𝑠. 300
𝑁𝑜𝑤 𝑓𝑜𝑟 𝑆. 𝐼. 𝑅𝑠. 300
𝑆. 𝐼.× 100
𝑅 =
𝑃×𝑇
300 × 100
= = 8% 𝑝. 𝑎.
1250 × 3
𝑁𝑜𝑤 𝑓𝑜𝑟 𝑅 = 8%, 𝑃 = 𝑅𝑠. 3200, 𝑇 = 4 𝑦𝑒𝑎𝑟𝑠
𝑃×𝑅×𝑇
𝑆. 𝐼. =
100
3200 × 8 × 4
=
100
= 𝑅𝑠. 1024
𝐴𝑚𝑜𝑢𝑛𝑡 = 𝑃 + 𝑆. 𝐼.
= 3200 + 1024
= 𝑅𝑠. 4224

Q15. A sum of money lent at simple interest amounts to Rs.3224 in 2 years and Rs.4160 in
5 years. Find the sum and the rate of interest
𝐺𝑖𝑣𝑒𝑛 𝑖𝑠;
(1) 𝐴𝑚𝑜𝑢𝑛𝑡 = 𝑅𝑠. 3224, 𝑇 = 2 𝑦𝑒𝑎𝑟𝑠
(2) 𝐴𝑚𝑜𝑢𝑛𝑡 𝑅𝑠. 4160, 𝑇 = 5𝑦𝑒𝑎𝑟𝑠
𝑃 𝑎𝑛𝑑 𝑅 𝑎𝑟𝑒 𝑡ℎ𝑒 𝑠𝑎𝑚𝑒 𝑖𝑛 𝑏𝑜𝑡ℎ 𝑡ℎ𝑒 𝑎𝑏𝑜𝑣𝑒 𝑎𝑟𝑒𝑎 𝑓𝑟𝑜𝑚 𝑡ℎ𝑒 𝑑𝑎𝑡𝑎 𝑔𝑖𝑣𝑒𝑛 𝑖𝑛 (𝑖)
𝑆. 𝐼. = 𝑅𝑠. (3224 − 𝑃)
𝑃×𝑅×2
3224 − 𝑃 = … … … … … … … . . (𝑖)
100
𝐹𝑟𝑜𝑚 𝑑𝑎𝑡𝑎 𝑔𝑖𝑣𝑒𝑛 𝑖𝑛 (𝑖𝑖)
𝑆. 𝐼. = 𝑅𝑠. 4160 − 𝑃
𝑃×𝑅×5
= 4160 − 𝑃 = … … … … … … … … … . 𝑖𝑖)
100
𝐷𝑖𝑣𝑖𝑑𝑒 𝑒𝑞𝑢𝑎𝑡𝑖𝑜𝑛 (𝑖) 𝑏𝑦 𝑒𝑞𝑢𝑎𝑡𝑖𝑜𝑛 (𝑖𝑖)
𝑃×𝑅×2
3224 − 𝑃 100 2
= = =
4160 − 𝑃 𝑃 × 𝑅 × 5 5
100
(3224 − 𝑃)5 = (4160 − 𝑃)2
𝑂𝑅
3224 × 5 − 5𝑃 = 4160 × 2 − 2𝑃
𝑂𝑅
3𝑃 = 3224 × 5 − 4160 × 2
3224 × 5 − 4160 × 2
𝑃 =
3
= 𝑅𝑠. 2600
𝐹𝑟𝑜𝑚 𝑑𝑎𝑡𝑎 𝑠𝑒𝑡 (𝑖)
𝑆. 𝐼. = 𝑅𝑠. (3224 − 2600)
= 𝑅𝑠. 624
𝑃×𝑅×𝑇
𝑆. 𝐼. =
100
7

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 𝑆. 𝐼.× 100 624 × 100
𝑅 = = = 12% 𝑝. 𝑎.
𝑃×𝑇 2600 × 2

Q16. A lead Rs.2500 to B and certain sum to C at the same time at 7% per annum simple
interest. If after 4 years, a altogether receives Rs.1120 as interest from B and C find the sum
lent to C.
𝐹𝑜𝑟 𝐴, 𝑃 = 𝑅𝑠. 2500, 𝑅 = 7% 𝑝. 𝑎. 𝑎𝑛𝑑, 𝑇 = 4𝑦𝑒𝑎𝑟𝑠
2500 × 7 × 4
𝑆. 𝐼. 𝑑𝑢𝑒 𝑓𝑟𝑜𝑚 𝐴 = = 𝑅𝑠. 700
100
𝑇𝑜𝑡𝑎𝑙 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑟𝑒𝑐𝑒𝑖𝑣𝑒𝑑 𝑓𝑟𝑜𝑚 𝑏𝑜𝑡ℎ 𝐵 & 𝐶 = 𝑅𝑠. 1120
𝑇𝑜𝑡𝑎𝑙 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑟𝑒𝑐𝑒𝑖𝑣𝑒𝑑 𝑓𝑟𝑜𝑚 𝐶 = 𝑅𝑠. 1120 − 700 = 𝑅𝑠. 420
𝑁𝑜𝑤 𝑤𝑒 ℎ𝑎𝑣𝑒 𝑡𝑜 𝑐𝑜𝑚𝑝𝑢𝑡𝑒 𝑠𝑢𝑚 𝑟𝑒𝑛𝑡 𝑡𝑜 𝑃
𝑆. 𝐼.× 100
𝑃 =
𝑅×𝑇
𝑆. 𝐼. = 𝑅𝑠. 420, 𝑇 = 4 𝑦𝑒𝑎𝑟𝑠, 𝑅 = 7% 𝑝. 𝑎.
420 × 100
𝑇ℎ𝑒𝑟𝑒𝑓𝑜𝑟𝑒, 𝑃 = = 𝑅𝑠. 1500
7×4
𝑇ℎ𝑒 𝑎𝑚𝑜𝑢𝑛𝑡 𝑟𝑒𝑛𝑡 𝑏𝑦 𝐴 𝑡𝑜 𝐶 = 𝑅𝑠. 1500

Q17. The simple interest on a certain sum for 3 years at 8% per annum is Rs.96 more than
the simple interest on the same sum for 2 years at 9% per annum. Find the sum.
𝑆. 𝐼. (𝑖) 𝑓𝑜𝑟 𝑎 𝑠𝑢𝑚 𝑃, 𝑓𝑜𝑟; 𝑇 = 3𝑦𝑒𝑎𝑟𝑠, 𝑅 = 8% 𝑝. 𝑎.
𝑃×8×3
𝑆. 𝐼. (1) = … … … … … … … (𝑖)
100
𝑆. 𝐼. (2)𝑓𝑜𝑟 𝑎 𝑠𝑢𝑚 𝑃, 𝑓𝑜𝑟, 𝑇 = 2𝑦𝑒𝑎𝑟𝑠, 𝑅 = 9% 𝑝. 𝑎.
𝑃×9×2
𝑆. 𝐼. (2) = … … … … … … … … … 𝑖𝑖)
100
𝑆. 𝐼. (1) = 𝑆. 𝐼. (2) + 96
𝑃 × 24 𝑃 × 18
= × 96
100 100

𝑂𝑅
24 18
𝑃( − ) = 96
100 100
𝑂𝑅
6
𝑃× = 96
100
𝑂𝑅
96 × 100
𝑃 = = 𝑅𝑠. 1600
6
𝑇ℎ𝑒 𝑠𝑢𝑚 𝑅𝑠. 1600

1 1
Q18. Two equal sums of money were lent at simple interest at 11% p.a. for 3 years and 4
2 2
years respectively. If the difference for two periods was Rs.412.50, find each sum.

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 1
𝑆. 𝐼. (1) 𝑓𝑜𝑟 𝑠𝑢𝑚 = 𝑃, 𝑅, = 11%, 𝑇 = 3 𝑦𝑒𝑎𝑟
2
1
𝑆. 𝐼. (2 )𝑖𝑛 𝑡ℎ𝑒 𝑆. 𝐼. 𝑓𝑜𝑟 𝑠𝑢𝑚 = 𝑃, 𝑅 = 11%, 𝑇=4 𝑦𝑒𝑎𝑟𝑠
2
1
𝑃 × 11 × 3
𝑆. 𝐼. (1) = 2
100
1
𝑃 × 11 × 4
𝑆. 𝐼. (2) = 2
100
𝐺𝑖𝑣𝑒𝑛 𝑆. 𝐼. (2) − 𝑆. 𝐼. (1) = 𝑅𝑠. 412.5
𝑂𝑅
1 1
𝑃 × 11 × 4 𝑃 × 11 × 3
2− 2 = 412.5
100 100
𝑂𝑅
𝑃 × 11
= 412.5
100
𝑂𝑅
412.5 × 100
𝑃=
11
= 𝑅𝑠. 3750
𝑇ℎ𝑒 𝑒𝑞𝑢𝑎𝑙 𝑠𝑢𝑚𝑠 𝑎𝑟𝑒 𝑅𝑠. 3750 𝑒𝑎𝑐ℎ

Q19. Divide Rs.6000 into two parts so that the simple interest on the first pat for 9 months
at 12% per annum is equal to the simple interest on the second part for 1 ½ years at 10%
per annum.
𝐿𝑒𝑡 𝑅𝑠. 𝑥 𝑏𝑒 𝑜𝑛𝑒 𝑝𝑎𝑟𝑡 𝑜𝑓 𝑡ℎ𝑒 𝑠𝑢𝑚,
𝑅𝑠. (6000 − 𝑥 ) 𝑏𝑒 𝑜𝑡ℎ𝑒𝑟 𝑝𝑎𝑟𝑡 𝑜𝑓 𝑠𝑢𝑚.
3
𝑆. 𝐼. (1)𝑖𝑠 𝑡ℎ𝑒 𝑆. 𝐼. 𝑜𝑛 𝑃 = 𝑅𝑠. 𝑥, 𝑓𝑜𝑟 𝑇 = 9𝑚𝑜𝑛𝑡ℎ𝑠 = 𝑦𝑒𝑎𝑟𝑠, 𝑎𝑡 𝑅 = 12%
4
3
𝑥 × 12 ×
𝑆. 𝐼. (1) = 4 … … … … … … … … … 𝑖)
100
1
𝑆. 𝐼. (2) 𝑖𝑠 𝑆. 𝐼. 𝑜𝑛 𝑅𝑠. ( 6000 − 𝑥) 𝑓𝑜𝑟 𝑅 = 10%, 𝑇 = 1 𝑦𝑒𝑎𝑟𝑠
2
1
(6000 − 𝑥 ) × 10 × 1
𝑆. 𝐼. (2) = 2
100
𝑆. 𝐼. 1 = 𝑆. 𝐼. 2
3 1
𝑥 × 12 × (6000 − 𝑥 ) × 10 × 1
4= 2
100 100
𝑂𝑅
𝑥 × 9 = (6000 − 𝑥 ) × 15
𝑂𝑅
9𝑥 + 15𝑥 = 6000 × 15
𝑂𝑅
24𝑥 = 6000 × 15
9

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 𝑂𝑅
6000 × 15
𝑥= = 𝑅𝑠. 3750
24
𝑇ℎ𝑒 𝑇𝑤𝑜 𝑃𝑎𝑟𝑡𝑠 𝑎𝑟𝑒; 𝑅𝑠. 3750 𝑎𝑛𝑑 𝑅𝑠. 2250

1
Q20. Divide a sum of Rs.13500 into two parts such that if one part be lent at 8 % per
3
1
annum for 2 years 9 months and the other at 7 % per annum for 1 years 8 months, the total
2
interest received is Rs.2375.
𝐿𝑒𝑡 𝑅𝑠. 𝑥 𝑏𝑒 𝑡ℎ𝑒 𝑓𝑖𝑟𝑠𝑡 𝑝𝑎𝑟𝑡 𝑜𝑓 𝑡ℎ𝑒 𝑠𝑢𝑚.
𝑇ℎ𝑒𝑛 𝑅𝑠. (13500 − 𝑥) 𝑏𝑒𝑐𝑜𝑚𝑒𝑠 𝑡ℎ𝑒 𝑠𝑒𝑐𝑜𝑛𝑑 𝑝𝑎𝑟𝑡 𝑜𝑓 𝑡ℎ𝑒 𝑠𝑢𝑚.
1
𝑆. 𝐼. (1)𝑖𝑠 𝑡ℎ𝑒 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑜𝑓 𝑃 = 𝑥, 𝑅 =8 %,
3
3
𝑇 = 2 𝑦𝑒𝑎𝑟𝑠 9 𝑚𝑜𝑛𝑡ℎ𝑠 = 2 𝑦𝑒𝑎𝑟𝑠
4
1 3 25 11
𝑥×8 ×2 ×
𝑆. 𝐼. (1) = 3 4= 3 4 𝑥 = 275 𝑥
100 100 1200
𝑆. 𝐼. (2) 𝑖𝑠 𝑡ℎ𝑒 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑜𝑛 𝑃 = 13500 − 𝑥,
1 1
𝑅 = 7 % 𝑝. 𝑎. 𝑇 = 1 𝑦𝑒𝑎𝑟 8 𝑚𝑜𝑛𝑡ℎ𝑠 = 1 𝑦𝑒𝑎𝑟𝑠
2 3
1 2
(13500 − 𝑥 ) × 7 × 1
𝑆. 𝐼. 2 = 2 3 = (13500 − 𝑥 ) 75
100 600
𝐺𝑖𝑣𝑒𝑛, 𝑆. 𝐼. (1) + 𝑆. 𝐼. (2) = 2375
275𝑥 75
+ (13500 − 𝑥 ) = 2375
1200 600
𝑂𝑅
275𝑥 + 150 (13500 − 𝑥 ) = 2375 × 1200
𝑂𝑅
275𝑥 − 150𝑥 = 2375 × 1200 − 13500 × 150
𝑂𝑅
125𝑥 = 285000 − 2025000
= 825000
𝑂𝑅
𝑥 = 6600
𝑇ℎ𝑒 𝑜𝑛𝑒 𝑝𝑎𝑟𝑡 𝑜𝑓 𝑠𝑢𝑚 𝑖𝑠 𝑅𝑠. 6600 𝑎𝑛𝑑 𝑠𝑒𝑐𝑜𝑛𝑑 𝑝𝑎𝑟𝑡 𝑅𝑠. 6900

1
Q21. In what time will a sum of money lent at8 1 % simple interest become 4 times of
3
itself.
𝐿𝑒𝑡 𝑃 𝑏𝑒 𝑡ℎ𝑒 𝑠𝑢𝑚 𝑙𝑒𝑛𝑡.
1
𝐴𝑚𝑜𝑢𝑛𝑡 = 4𝑃, 𝑅=8 %
3
𝑊𝑒 ℎ𝑎𝑣𝑒 𝑡𝑜 𝑐𝑜𝑚𝑝𝑢𝑡𝑒 𝑇.
= 𝑆. 𝐼. = 4𝑃 − 𝑃
= 3𝑃

10

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 1
𝑃×8 ×𝑇
3𝑃 = 3
100
𝑂𝑅
1
8 ×𝑇
3= 3
100
300
𝑇=
1
8
3
300 × 3 900
= =
25 5
= 36 𝑦𝑒𝑎𝑟𝑠

Q22. A certain sum of money lent out at 6 2/3% p.a. produced the same simple interest in 6
2
years as Rs.3200 lent out at 8 % p.a. for 7 years. Find the sum
5
𝐿𝑒𝑡 𝑃 𝑏𝑒 𝑡ℎ𝑒 𝑠𝑢𝑚 𝑙𝑒𝑛𝑡.
2
𝑅 = 6 %, 𝑇 = 6 𝑦𝑒𝑎𝑟𝑠
3
𝑆. 𝐼. (1) 𝑏𝑒 𝑡ℎ𝑒 𝑠𝑖𝑚𝑝𝑙𝑒 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑒𝑎𝑟𝑛𝑒𝑑
2
𝑃×6 ×6 40 4
𝑆. 𝐼. (1) = 3 = 𝑃= 𝑃
100 100 10
𝐿𝑒 𝑆. 𝐼. (2) 𝑏𝑒 𝑡ℎ𝑒
2
𝑆. 𝐼. 𝑓𝑜𝑟 𝑃 = 3200, 𝑅 = 8 %, 𝑇 = 7% 𝑝. 𝑎.
5
2
3200 × 8 × 7
𝑆. 𝐼. (2) = 5
100
= 1881.6
𝐺𝑖𝑣𝑒𝑛, 𝑆. 𝐼. (1) = 𝑆. 𝐼. (2)
4
𝑃 = 1881.6
10
1881.6 × 10
𝑃= = 4704
4
𝑇ℎ𝑒 𝑠𝑢𝑚 𝑙𝑒𝑛𝑡 𝑖𝑠 = 𝑅𝑠. 4704
1
Q23. Naveen and Praveen borrowed Rs.42000 and Rs.55000 respectively for 3 years at the
2
same rate of interest. If Praveen has to pay Rs.3640 more than Naveen, find the rate of
interest.
𝐿𝑒𝑡 𝑅 𝑏𝑒 𝑡ℎ𝑒 𝑟𝑎𝑡𝑒 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡
1 7
𝑆. 𝐼. (1) 𝑏𝑒 𝑡ℎ𝑒 𝑆. 𝐼. 𝑝𝑎𝑖𝑑 𝑏𝑦 𝑁𝑎𝑣𝑒𝑒𝑛, 𝑓𝑜𝑟 𝑃 = 𝑅𝑠. 42000, 𝑇 = 3 𝑦𝑒𝑎𝑟𝑠 = 𝑦𝑒𝑎𝑟𝑠,
3 5
7
42000 × 𝑅 ×
𝑆. 𝐼. (1) = 2 = 210 × 7𝑅
100
𝑆. 𝐼. (2)𝑏𝑒 𝑡ℎ𝑒 𝑆. 𝐼. 𝑝𝑎𝑖𝑑 𝑏𝑦 𝑃𝑟𝑎𝑣𝑒𝑒𝑛 𝑓𝑜𝑟 𝑃 = 𝑅𝑠. 55000, 𝑇 = 31/2 𝑦𝑒𝑎𝑟𝑠 = 7/5 𝑦𝑒𝑎𝑟𝑠,

11

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 𝐺𝑖𝑣𝑒𝑛 𝑆. 𝐼. (2) − 𝑆. 𝐼. (1) = 3640
𝑖. 𝑒. 275 × 7𝑅 − 210 × 7𝑅 = 3640
𝑂𝑅
(275 − 210) × 7𝑅 = 3640
𝑂𝑅
65 × 7𝑅 = 3640
𝑂𝑅
3640
𝑅= = 8% 𝑝. 𝑎.
65 × 7

Q24. A sum of money was put at simple interest at a certain rate for 2 years. If this sum had
been put at 3% higher rate, it would have earned Rs.720 more as interest. Find the sum.
𝐿𝑒𝑡 𝑃 𝑏𝑒 𝑡ℎ𝑒 𝑠𝑢𝑚 𝑙𝑒𝑛𝑡
𝑆. 𝐼. (1) 𝑖𝑠 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑓𝑜𝑟 𝑠𝑢𝑚 = 𝑃, 𝑅𝑎𝑡𝑒 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑅 𝑎𝑛𝑑 𝑇 = 2 𝑦𝑒𝑎𝑟𝑠,
𝑃×𝑅×2 𝑃×𝑅
𝑆. 𝐼. (1) = =
100 50
𝐿𝑒𝑡 𝑆. 𝐼. (2) 𝑖𝑠 𝑡ℎ𝑒 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑓𝑜𝑟 𝑠𝑢𝑚 𝑃 𝑓𝑜𝑟 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑟𝑎𝑡𝑒 (𝑅 + 3)
𝑃 × (𝑅 + 3) × 2
𝑆. 𝐼. (2) =
100
𝐺𝑖𝑣𝑒𝑛,
𝑆. 𝐼. (2) − 𝑆. 𝐼. (1) = 𝑅𝑠. 720
𝑃 × (𝑅 + 3) × 2 𝑃 × 𝑅 × 2
− = 720
100 100
𝑃×𝑅×2 𝑃×3×2 𝑃×𝑅×2
+ − = 720
100 100 100
𝑂𝑅
6𝑃
= 720
100
𝑂𝑅
720 × 100
𝑃=
6
= 12000
𝑆𝑢𝑚 𝑙𝑒𝑛𝑡 𝑖𝑠 𝑅𝑠. 12000

Q25. A sum of money invested at 6% p.a. simple interest for a certain period of time yield
Rs.960 as interest. If this sum had been invested for 5 years more, it would have yielded
Rs.2160 as interest. Find the sum.

𝐿𝑒𝑡 𝑠𝑢𝑚 𝑙𝑒𝑛𝑡 𝑖𝑠 𝑅𝑠. 𝑃,

𝑅 = 6%,
𝑇 𝑦𝑒𝑎𝑟𝑠
𝑃×6×𝑇
𝑆. 𝐼. (1) =
100
𝐺𝑖𝑣𝑒𝑛, 𝑆. 𝐼. (1) = 𝑅𝑠. 960
𝑃×6×𝑇
= 960
100

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 𝑂𝑅
𝑃 × 𝑇 = 16000
𝐹𝑜𝑟 𝑠𝑢𝑚 = 𝑅𝑠. 𝑃, 𝑅 = 6%, 𝑇 = 5 𝑦𝑒𝑎𝑟𝑠,
𝑆. 𝐼. (2) 𝑖𝑠 𝑡ℎ𝑒 𝑆. 𝐼.
𝑃 × 6 × (𝑇 + 5)
𝑆. 𝐼. (2) = = 2160
100
𝑂𝑅
𝑃×6×𝑇 𝑃×6×5
+ = 2160
100 100
𝐹𝑟𝑜𝑚 𝑒𝑞. (1), 𝑃 × 𝑇 = 16000
16000 × 6 𝑃 × 30
+ = 2160
100 100
𝑃 × 30
= 2160 − 960 = 1200
100
1200 × 100
𝑃=
30
= 4000
𝑇ℎ𝑒 𝑠𝑢𝑚 = 𝑅𝑠. 4000

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