CLAT Sample Paper CLAT Sample Paper-9

  • question_answer
    The difference between the simple and compound interest on a certain sum for 3 yr at 10% per annum is Rs.46.50, then which of the following is sum?

    A)  Rs 1500          

    B)         Rs 1600           

    C)         Rs 1700          

    D)         Rs 1800           

    Correct Answer: A

    Solution :

    Let \[x\] be the sum of amount. \[\therefore \]      \[SI=\frac{x\times 3\times 10}{100}=\frac{3x}{10}\] and       \[CI=x\,\left( 1+\frac{10}{100} \right)-x\]  \[=x\times \,{{\left( \frac{11}{10} \right)}^{3}}-x=x\,\left[ {{\left( \frac{11}{10} \right)}^{3}}-1 \right]\] According to the questions, \[x\left[ {{\left( \frac{11}{10} \right)}^{3}}-1 \right]-\frac{3x}{10}=46.5\] \[\Rightarrow \]   \[x(1.331-1)-\frac{3x}{10}=46.6\] \[\Rightarrow \]   \[x(0.331-\frac{3x}{10}=46.5\] \[\Rightarrow \]   \[x\left( 0.331-\frac{3}{10} \right)\,=46.5\] \[\Rightarrow \]   \[x(0.331-0.3)=46.5\] \[\Rightarrow \]   \[x\times 0.031=46.5\] \[\therefore \]      \[x=\frac{46.5}{0.031}=\frac{46500}{31}=1500\] Hence, the sum was Rs.1500.


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