model 3 combination of si & ci Section-Wise Topic Notes With Detailed Explanation And Example Questions
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The following question based on compound interest topic of quantitative aptitude
(a) Rs.405
(b) Rs.400
(c) Rs.350
(d) Rs.300
The correct answers to the above question in:
Answer: (b)
Compound interest = P $[(1 + R/100)^T - 1]$
410 = P$[(1 + 5/100)^2 - 1]$
410 = P$[(1 + 1/20)^2 - 1]$
410 = P$[(21/20)^2 - 1]$
410 = P$(441/400 - 1)$
410 = P$(41/400)$
P = ${410 × 400}/41$ = Rs.4000
S.I. = $\text"Principal × Time × Rate"/100$
= ${4000 × 2 × 5}/100$ = Rs.400
Using Rule 10,
Here, C.I. = Rs.410, R = 5%, S.I. = ?
C.I. = S.I.$(1 + R/200)$
410 = S.I.$(1 + 5/200)$
410 = S.I.$(205/200)$
S.I. = ${410 × 200}/205$ = Rs.400
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Read more combination of si and ci Based Quantitative Aptitude Questions and Answers
Question : 1
If the compound interest on a certain sum for two years at 12% per annum is Rs.2,544, the simple interest on it at the same rate for 2 years will be
a) Rs.2,440
b) Rs.2,400
c) Rs.2,480
d) Rs.2,500
Answer »Answer: (b)
C.I. = P$[(1 + R/100)^T - 1]$
2544 = P$[(1 + 12/100)^2 - 1]$
2544 = P$[(28/25)^2 - 1]$
2544 = P$(784/625 - 1)$
2544 = P$({784 - 625}/625)$
2544 = ${P × 159}/625$
P = ${2544 × 625}/159$ = Rs.10000
S.I. = ${P × R × T}/100$
= ${10000 × 2 × 12}/100$ = Rs.2400
Using Rule 10,
Here, C.I. = Rs.2544, R = 12%, S.I. = ?
C.I. = S.I.$(1 + R/200)$
2544 = S.I.$(1 + 12/200)$
2544 = S.I.$(212/200)$
S.I. = ${2544 × 200}/212$ = Rs.2400
Question : 2
A man borrowed some money from a private organisation at 5% simple interest per annum. He lended 50% of this money to another person at 10% compound interest per annum and thereby the man made a profit of Rs.3,205 in 4 years. The man borrowed.
a) Rs.1,50,000
b) Rs.80,000
c) Rs.1,20,000
d) Rs.1,00,000
Answer »Answer: (d)
Using Rule 1,
Sum borrowed = Rs.x
Simple interest after 4 years
= ${x × 4 × 5}/100$ = Rs.$x/5$
Amount lent of on compound interest = Rs.$x/2$
C.I. = P$[(1 + R/100)^T - 1]$
= $x/2[(1 + 10/100)^4 - 1]$
= $x/2[(1.1)^4 - 1]$
= $x/2$ (1.4641 - 1) = Rs.${0.4641x}/2$
${0.4641x}/2 - x/5$ = 3205
${2.3205x - 2x}/10$ = 3205
0.3205x = 32050
$x = 32050/{0.3205}$ = Rs.100000
Question : 3
The simple interest on a sum of money at 4% per annum for 2 years is Rs.80. The compound interest in the same sum for the same period is
a) Rs.81.60
b) Rs.82.60
c) Rs.81.80
d) Rs.82.20
Answer »Answer: (a)
Principal = $\text"S.I. × 100"/ \text"Time × Rate"$
= ${80 × 100}/{2 × 4}$ = Rs.1000
C.I. = P$[(1 + R/100)^T - 1]$
= 1000$[(1 + 4/100)^2 - 1]$
= 1000$[(25/26)^2 - 1]$
= 1000$(676/625 - 1)$
= 1000$({676 - 625}/625)$
= ${1000 × 51}/625$= Rs.81.60
Using Rule 10,
Here, S.I. = Rs.80, R = 4%, C.I. = ?
C.I.= S.I.$(1 + R/200)$
C.I.= 80$(1 + 4/200)$
= $80(1 + 1/50)$
= 80 × $51/50$ = Rs.81.60
Question : 4
A man borrowed some money from a private organisation at 5% simple interest per annum. He lended this money to another person at 10% compound interest per annum, and made a profit of Rs.26,410 in 4 years. The man borrowed
a) Rs.100000
b) Rs.200000
c) Rs.132050
d) Rs.150000
Answer »Answer: (a)
Let the principal be Rs.P. For 4 years,
S.I. = $\text"Principal × Time × Rate"/100$
= ${P × 4 × 5}/100$ = Rs.$P/5$
C.I. = P$[(1 + R/100)^T - 1]$
= P$[(1 + 10/100)^4 - 1]$
= P$[(11/10)^4 - 1]$
= P$(14641/10000 - 1) = {4641P}/10000$
According to the question,
${4641P}/10000 - P/5$ = 26410
${4641P - 2000P}/10000$ = 2641
${2641P}/10000$ = 2641
P = Rs.10000
Question : 5
Compound interest on a sum of money for 2 years at 4 per cent per annum is Rs.2,448. Simple interest of the same sum of money at the same rate of interest for 2 years will be
a) Rs.2,250
b) Rs.2,500
c) Rs.2,360
d) Rs.2,400
Answer »Answer: (d)
C.I.= P$(1 + r/100)^t$ - P
2448 = P$[(1 + r/100)^t - 1]$
or 2448 = P$[(1 + 4/100)^2 - 1]$
2448 = P$[676/625 - 1]$
2448 = P$[51/625]$
P = ${2448 × 625}/51$ = Rs.30,000
S.I. = ${30000 × 4 × 2}/100$ = Rs.2400
Using Rule 10,
Here, C.I. = Rs.2448, R = 4%, S.I. = ?
C.I.= S.I.$(1 + R/200)$
2448 = S.I.$(1 + 4/200)$
2448 = S.I.$(1 + 1/50)$
2448 = S.I.$(51/50)$
S.I. = ${2448 × 50}/51$ = Rs.2400
Question : 6
The simple interest and compound interest (compounded annually) on a certain sum of money with a given rate for a period of 2 years are Rs.900 and Rs.954 respectively. The sum of money is
a) Rs.3750
b) Rs.3700
c) Rs.3850
d) Rs.3650
Answer »Answer: (a)
Difference of CI and SI for two years
= Rs.(954 - 900) = Rs.54
Sum= Difference in CI and SI × $(100/{Rate})^2$
Rate = ${2 × \text"Difference" × 100}/\text"Simple interest"$
= ${2 × 5400}/900 = 12%$
Sum = 54 × $(100/12)^2$
= $54 × 25/3 × 25/3$ = Rs.3750
Using Rule 10,
C.I. = Rs.954, S.I.=Rs.900, P=?
C.I.= S.I.$(1 + R/200)$
954 = 900$(1 + R/200)$
$954/900 = 1 + R/200$
$954/900 - 1 = R/200$
${954 - 900}/900 = R/200$
$54/9 = R/2$
R = 12%
Now S.I. = ${P × R × T}/100$
900 = ${P × 12 × 2}/100$
P = Rs.3750
compound interest Shortcuts and Techniques with Examples
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model 1 basic compound interest using formula
Defination & Shortcuts … -
model 2 at ci sum becomes ‘n’ times after ‘t’ years
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model 3 combination of si & ci
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model 4 difference in ci & si
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model 5 ci with instalments
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model 6 comparing sum in different years
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