type 4 difference & equality of si rate & years Practice Questions Answers Test with Solutions & More Shortcuts

Question : 11 [SSC CGL 2013]

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%

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

Question : 12 [SSC CGL Prelim 2007]

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 : 13 [SSC CGL Prelim 2003]

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 : 14 [SSC CGL Prelim 1999]

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 : 15 [SSC CGL Tier-1 2011]

The simple interest on a sum of money is $1/9$ of the principal and the number of years is equal to rate per cent per annum. The rate per annum is

a) $1/3$%

b) 3%

c) $3/10$%

d) 3$1/3$%

Answer: (d)

$\text"Simple interest"/ \text"Principal" = 1/9$

If the annual rate of interest be r%, then

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

$r = 1/9 × 100/r$

$r^2 = 100/9$

r = $√{100/9} = 10/3 = 3{1}/3$%

Using Rule 5,

Here, n = $1/9$, R = T

RT = n × 100

$R^2 = 1/9 × 100 = 100/9$

R = $√{100/9} = 10/3 = 3{1}/3$%

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