Manish borrowed a sum of Rs. 1150 from Anil a | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(B) Step $1$: Calculate the simple interest paid by Manish to Anil.$SI_{paid} = \frac{P 	imes R 	imes T}{100} = \frac{1150 	imes 6 	imes 3}{100} =

Vedclass · Accepted Answer

$1785$

Vedclass · Answer

(B) Step $1$: Calculate the simple interest paid by Manish to Anil.$SI_{paid} = \frac{P 	imes R 	imes T}{100} = \frac{1150 	imes 6 	imes 3}{100} = Rs. 207$.Step $2$: Let the sum lent by Manish to Sunil be $Rs. x$. The interest received by Manish from Sunil is $SI_{received} = \frac{x 	imes 9 	imes 3}{100} = 0.27x$.Step $3$: Manish's total gain is the difference between the interest received and the interest paid.$Gain = SI_{received} - SI_{paid} = 274.95$.$0.27x - 207 = 274.95$.$0.27x = 274.95 + 207 = 481.95$.$x = \frac{481.95}{0.27} = 1785$.Therefore,the sum lent by Manish to Sunil is $Rs. 1785$.

Similar Questions

What is the simple interest (in ₹) on ₹ $5400$ in $5$ years at the rate of $12 \%$ per annum?

What is the $S.I.$ on $Rs. 800$ at $5 \%$ per annum for $3$ years?

At what rate per cent per annum will the simple interest on a sum of money be $\frac{2}{5}$ of the principal in $10$ $years$?

Mrs. Sushma lent out an amount of $Rs. 3000$ at $4 \%$ p.a. and some other amount at $5 \%$ p.a. If at the end of the year she received $Rs. 138$ as total interest,what amount (in $Rs.$) did she lend out at $5 \%$ p.a.?

The rate percent per annum at which ₹ $1200$ amounts to ₹ $1440$ in $4$ years is:

Vedclass Test Series

Exam Paper Generator

Online Exam Module