type 4 difference & equality of si rate & years Section-Wise Topic Notes With Detailed Explanation And Example Questions

MOST IMPORTANT quantitative aptitude - 6 EXERCISES

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The following question based on simple interest topic of quantitative aptitude

Questions : The simple interest on Rs.4,000 in 3 years at the rate of x% per annum equals the simple interest on Rs.5,000 at the rate of 12% per annum in 2 years. The value of x is

(a) 6%

(b) 10%

(c) 9%

(d) 8%

The correct answers to the above question in:

Answer: (b)

Using Rule 1,

S.I. = ${\text"Principal × Rate × Time"/100$

${4000 × 3 × x}/100$

= ${5000 × 2 × 12}/100$

$x = {5 × 2 × 12}/{4 × 3}$

= 10% per annum

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Read more difference equality in si rate years Based Quantitative Aptitude Questions and Answers

Question : 1

A borrows Rs.800 at the rate of 12% per annum simple interest and B borrows Rs.910 at the rate of 10% per annum, simple interest. In how many years will their amounts of debt be equal ?

a) 20 years

b) 18 years

c) 24 years

d) 22 years

Answer: (d)

Using Rule 1,

Let the period of time be T years.

800 + ${800 × 12 × T}/100$

= 910 + ${910 × 10 × T}/100$

800 + 96 T = 910 + 91T

96 T - 91 T = 910 - 800

5T = 110

T = $110/5$ = 22 years.

Question : 2

The simple interest on a certain sum for 8 months at 4% per annum is Rs.129 less than the simple interest on the same sum for 15 months at 5% per annum. The sum is :

a) Rs.2400

b) Rs.2,580

c) Rs.3600

d) Rs.2529

Answer: (c)

Let the sum be x

${x × 5 × 15}/{100 × 12} - {x × 4 × 8}/{100 × 12}$ = 129

$x/{100 × 12}$(75 - 32) = 129

$x = {129 × 1200}/43$ = Rs.3600

Using Rule 13,

$P_1 = P, R_1 = 4%$

$T_1 = 8 months = 8/12$ years

$P_2 = P, R_2$ = 5%

$T_2 = 15 month = 15/12$ years

S.I. = Rs.129

129 = ${P × 5 × 15/12 - P × {4 × 8}/12}/100$

12900 = ${75P - 32P}/12$

12900 = ${43P}/12$

P = Rs.3600

Question : 3

The difference between the simple interest received from two different sources on Rs.1500 for 3 years is Rs.13.50. The difference between their rates of interest is:

a) 0.2%

b) 0.1%

c) 0.4%

d) 0.3%

Answer: (d)

Let $r_1$, and $r_2$ be the required rate of interest

Then, ${13.50} = {1500 × 3 × r_1}/100$

– ${1500 × 3 × r_2}/100 = 4500/100(r_1 - r_2)$

$r_1 - r_2 = 135/450 = 27/90$

= $3/10$ = 0.3%

Using Rule 13,

$P_1 = Rs.1500, R_1 , T_1$ = 3 years.

$P_2 = Rs.1500, R_2 , T_2$ = 3 years.

S.I. = Rs.13.50

13.50 = ${1500 × R_2 × 3 - 1500 × R_1 × 3}/100$

$1350/100 = {4500(R_2 - R_1)}/100$

$R_2 - R_1 = 1350/4500 = 27/90$

= $3/10$ = 0.3%

Question : 4

The simple interest on a sum of money is $1/16$ of the principal and the number of years is equal to the rate per cent per annum. The rate per annum is

a) 2$1/2$%

b) 1$1/2$%

c) 4$1/2$%

d) 3$1/2$%

Answer: (a)

Let the annual rate of interest = r%

Time = r years

Let the principal be x .

Interest = $x/16$

According to the question,

$x/16 = {x × r × r}/100$ [Since, r = t]

16$r^2$ = 100

$r^2 = 100/16 = 25/4$

r = $√ {25/4} = 5/2 = 2{1}/2$%

Using Rule 5,

Here, n = $1/16$, R = T

RT = n × 100

$R^2 = 100/16$

R = $√{100/16} = 10/4 = 2{1}/2%$

Question : 5

If x, y, z are three sum of money such that y is the simple interest on x and z is the simple interest on y for the same time and at the same rate of interest, then we have

a) $xyz$ = 1

b) $z^2 = xy$

c) $y^2 = zx$

d) $x^2 = yz$

Answer: (c)

Using Rule 1,

S.I. = ${P × R × T}/100$

$y = {x × T × R}/100$

and $z = {y × T × R}/100$

So, $y/z = x/y = ⇒ y^2 = zx$

Question : 6

The simple interest on a certain sum at 5% per annum for 3 years and 4 years differ by Rs.42. The sum is :

a) Rs.280

b) Rs.210

c) Rs.840

d) Rs.750

Answer: (c)

According to question,

Interest of one year = Rs.42

Rate = 5% and Time = 1 year

Principal = $\text"Interest × 100"/\text"Rate × Time"$

= ${42 × 100}/{5 × 1}$ = Rs.840

Using Rule 13
The difference between the S.I. for a certain sum $P_1$ deposited for time $T_1$ at $R_1$ rate of interest and another sum $P_2$ deposited for time $T_2$ at $R_2$ rate of interest is
S.I. = ${P_2R_2T_2 - P_1R_1T_1}/100$

$P_1 = P, R_1 = 5%, T_1$ = 3years.

$P_2 = P, R_2 = 5%, T_2$ = 4 years.

S.I.= 42

42 = ${20P - 15P}/100$

P = 42 × 20 = Rs.840

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