Section 1: Basic Simple Interest Computations
Solution: Here, Principal ($P$) = Rs. 600, Rate ($r$) = 5% p.a., Time ($t$) = 1 year.
$$\text{Simple Interest } (I) = \frac{P \times r \times t}{100}$$
$$I = \frac{600 \times 5 \times 1}{100} = 6 \times 5 = 30$$
Solution: Principal ($P$) = Rs. 1800, Rate ($r$) = $4\frac{1}{2}\% = \frac{9}{2}\%$, Time ($t$) = 1 year.
$$I = \frac{P \times r \times t}{100} = \frac{1800 \times \frac{9}{2} \times 1}{100}$$
$$I = \frac{18 \times 9}{2} = 9 \times 9 = 81$$
Solution: Given Interest ($I$) = Rs. 60, Rate ($r$) = 5%, Time ($t$) = 1 year.
Using the Principal formula: $P = \frac{I \times 100}{r \times t}$
$$P = \frac{60 \times 100}{5 \times 1} = 12 \times 100 = 1200$$
Section 2: Finding Principal Amounts
Solution: Here $I = \text{Rs. } 90$, $r = 6\%$, $t = 1 \text{ year}$.
$$P = \frac{I \times 100}{r \times t} = \frac{90 \times 100}{6 \times 1} = 15 \times 100 = 1500$$
Solution: Here $I = \text{Rs. } 59.50$, $r = 3.5\%$, $t = 1 \text{ year}$.
$$P = \frac{59.50 \times 100}{3.5 \times 1} = \frac{5950}{3.5} = 1700$$
Section 3: Fractional Time and Days Calculations
Solution: Principal ($P$) = Rs. 500, Rate ($r$) = $6\frac{1}{4}\% = \frac{25}{4}\%$, Time ($t$) = 3 years.
$$I = \frac{P \times r \times t}{100} = \frac{500 \times \frac{25}{4} \times 3}{100} = \frac{5 \times 75}{4} = \frac{375}{4} = \text{Rs. } 93.75$$
$$\text{Total Amount } (A) = P + I = 500 + 93.75 = \text{Rs. } 593.75$$
Solution: Here $P = \text{Rs. } 146$, $r = 2\frac{1}{2}\% = \frac{5}{2}\%$. Time ($t$) = 1 day = $\frac{1}{365}$ year.
$$I = \frac{146 \times \frac{5}{2} \times \frac{1}{365}}{100} = \frac{146 \times 5}{2 \times 365 \times 100} = \frac{730}{730 \times 100} = \frac{1}{100} = \text{Rs. } 0.01$$
$$\text{Total Amount } (A) = P + I = 146 + 0.01 = \text{Rs. } 146.01$$
Solution: Here $P = \text{Rs. } 4565$, $r = 4\%$, Time ($t$) = 2 years 6 months = $2\frac{6}{12} = \frac{5}{2}$ years.
$$I = \frac{4565 \times 4 \times \frac{5}{2}}{100} = \frac{4565 \times 10}{100} = \text{Rs. } 456.50$$
$$\text{Total Amount } (A) = 4565 + 456.50 = \text{Rs. } 5021.50$$
Section 4: Completed Structural Table Data (Question 6)
| Principal ($P$) | Time ($t$) | Rate of S.I. ($r$) | Total Interest ($I$) | Derived Solution Steps |
|---|---|---|---|---|
| Rs. 6,400 | 3.5 Years ($3\frac{1}{2}$ yrs) | $4\frac{1}{2}\%$ ($\frac{9}{2}\%$) | Rs. 1,008 | $t = \frac{1008 \times 100}{6400 \times \frac{9}{2}} = \frac{1008}{32 \times 9} = 3.5 \text{ years}$ |
| Rs. 500 | 2 Years | 5% | Rs. 50 | $t = \frac{50 \times 100}{500 \times 5} = \frac{5000}{2500} = 2 \text{ years}$ |
Section 5: Advanced Rate and Combined Sum Problems
Solution: Principal ($P$) = Rs. 910, Total Amount ($A$) = Rs. 955.50.
$$\text{Interest } (I) = A - P = 955.50 - 910 = \text{Rs. } 45.50$$
$$\text{Time } (t) = 2 \text{ years } 6 \text{ months} = \frac{5}{2} \text{ years}$$
$$r = \frac{I \times 100}{P \times t} = \frac{45.50 \times 100}{910 \times \frac{5}{2}} = \frac{4550 \times 2}{910 \times 5} = \frac{9100}{4550} = 2\%$$
Solution:
$$\text{Principal} + \text{Interest for 5 years} = \text{Rs. } 560$$
$$\text{Principal} + \text{Interest for 3 years} = \text{Rs. } 496$$
Subtracting the equations:
$$\text{Interest for 2 years} = 560 - 496 = \text{Rs. } 64$$
$$\text{Interest for 1 year} = \frac{64}{2} = \text{Rs. } 32$$
$$\text{Interest for 3 years} = 32 \times 3 = \text{Rs. } 96$$
$$\text{Principal } (P) = \text{Amount in 3 years} - \text{Interest for 3 years} = 496 - 96 = \text{Rs. } 400$$
$$\text{Rate } (r) = \frac{I \times 100}{P \times t} = \frac{96 \times 100}{400 \times 3} = \frac{9600}{1200} = 8\%$$
Solution: Let the share for the son be Rs. $x$ and for the daughter be Rs. $y$. Therefore, $x + y = 187500$.
• Son's investment term $= 18 - 12 = 6$ years.
• Daughter's investment term $= 18 - 14 = 4$ years.
Since their final amounts at age 18 are equal:
$$x + \frac{x \times 5 \times 6}{100} = y + \frac{y \times 5 \times 4}{100}$$
$$\implies x + \frac{30x}{100} = y + \frac{20y}{100} \implies \frac{130x}{100} = \frac{120y}{100}$$
$$\implies 13x = 12y \implies y = \frac{13x}{12}$$
Substitute $y$ back into the total sum equation:
$$x + \frac{13x}{12} = 187500 \implies \frac{25x}{12} = 187500$$
$$25x = 187500 \times 12 \implies x = \frac{187500 \times 12}{25} = 7500 \times 12 = 90000$$
$$\text{Daughter's share } y = 187500 - 90000 = 97500$$
Solution: Let the three deposit allocations be $p$, $x$, and $y$. Thus, $p + x + y = 620000$.
Since the simple interest amounts are identical:
$$\frac{p \times 5 \times 2}{100} = \frac{x \times 5 \times 3}{100} = \frac{y \times 5 \times 5}{100}$$
$$\implies 10p = 15x = 25y$$
Divide by 5 to simplify the ratio rules:
$$2p = 3x = 5y = k \quad (\text{constant})$$
$$\implies p = \frac{k}{2}, \quad x = \frac{k}{3}, \quad y = \frac{k}{5}$$
Substitute into the total sum equation:
$$\frac{k}{2} + \frac{k}{3} + \frac{k}{5} = 620000$$
$$\implies \frac{15k + 10k + 6k}{30} = 620000 \implies \frac{31k}{30} = 620000$$
$$k = \frac{620000 \times 30}{31} = 20000 \times 30 = 600000$$
Now compute the individual allocations:
• Bank 1 ($p$) $= \frac{600000}{2} = \text{Rs. } 3,00,000$
• Bank 2 ($x$) $= \frac{600000}{3} = \text{Rs. } 2,00,000$
• Bank 3 ($y$) $= \frac{600000}{5} = \text{Rs. } 1,20,000$