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 difference between the simple interest received from two different banks on Rs.500 for 2 years is Rs.2.50. The difference between their (per annum) rate of interest is :

(a) 0.25%

(b) 0.10%

(c) 1.00%

(d) 0.50%

The correct answers to the above question in:

Answer: (a)

${500 × 2 × R_1}/100 - {500 × 2 × R_2}/100$ = 2.5

where $R_1 & R_2$ are rate% of both banks

10 $(R_1 - R_2 )$ = 2.5

$R_1 - R_2 = {2.5}/10$

= 0.25 % per annum

Using Rule 7
If the difference between two simple interests is 'x' calculated at different annual rates and times, then principal (P) is
P = $ {x × 100}/{(\text"difference in rate") ×(\text"difference in time")}$

Here, P = Rs. 500, x = Rs. 2.50

Difference in time = 2 years.

Difference in rate = ?

500 = ${2.50 × 100}/{(\text"diff.in rate") × 2}$

Different in rate = 0.25%

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

Question : 1

If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after

a) 30 years

b) 20 years

c) 22 years

d) 10 years

Answer: (b)

Let the principal be P and rate of interest be r %

According to the question,

${30P}/100 = {P × R × 6}/100$

30 = 6 R

R = 5

Now, let interest be equal to principal in T years.

P = ${P × 5 × T}/100$

T = $100/5$ = 20 years.

Using Rule 5,

Here, n = $30/100 = 3/10$, T = 6 years.

RT = n × 100

R × 6 = $3/10$ × 100

R = 5%

As,S.I. = P

S.I. = ${P × R × T}/100$

100 = RT

100 = 5 × T

This is possible only when T = 20.

Question : 2

Simple interest on Rs.500 for 4 years at 6.25% per annum is equal to the simple interest on Rs.400 at 5% per annum for a certain period of time. The period of time is

a) 5 years

b) 4 years

c) 8$2/3$ years

d) 6$1/4$ years

Answer: (d)

Using Rule 1,

Let the period of time be T years. Then,

${400 × 5 × T}/100 = {500 × 4 × 6.25}/100$

T = ${500 × 4 × 6.25}/{400 × 5}$

= $25/4 = 6{1}/4$ years

Question : 3

Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case ?

a) Rs.1800

b) Rs.1700

c) Rs.2000

d) Rs.1900

Answer: (c)

Using Rule 1,

Let the sum lent in each case be x.

Then, ${x × 9 × 2}/100 + {x × 10 × 2}/100$ = 760

${x × 2}/100$(9 + 10) = 760

${2 × 19x}/100$ = 760

$x = {760 × 100}/{2 × 19}$ = Rs.2000

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