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A sum amounts to ₹3605 in 219 days at 5% per annum. The sum:

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Asked: 1 year ago2024-01-20T09:15:51+05:30 2024-01-20T09:15:51+05:30In: Interest

A sum amounts to ₹ 3605 in 219 days at 5% per annum. The sum is:

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a) ₹ 3250

b) ₹ 3500

c) ₹ 3400

d) ₹ 3550

correct answer is: b) ₹ 3500

Explanation

Here,
Amounts = ₹ 3605
Time = 219 days or \frac{219}{365} years
Rate = 5 %
We know, Amounts =\left(Principal+S.I\right)
\therefore₹3605=\left(P+S.I.\right) [put A’s value]
\rightarrow₹3605=P+\left(\frac{p\times r\times t}{100}\right) [put S.I. formula]
\rightarrow₹3605=P+\left(\frac{p\times5\times219}{100\times365}\right)
\rightarrow₹3605=\left(p+\frac{1095p}{36500}\right)
\rightarrow₹3605=\left(\frac{36500p+1095p}{36500}\right)
\rightarrow₹3605=\frac{37595p}{36500}
\rightarrow37595p=₹\left(36500\times3605\right)
\rightarrow p=₹\left(\frac{36500\times3605}{37595}\right)
\rightarrow p = ₹3500
\therefore The sum is ₹3500 .
Ans: The sum ₹3500 .


Another way to ask this same question is:
1. Calculate the principal sum with an interest rate of 5% per annum, given that the amount is ₹3605 in 219 days.
2. Principal sum formula for interest calculation at 5% per annum in 219 days.
3. How to find the principal amount when the interest rate is 5% and the time period is 219 days?
4. Solve for principal sum with interest rate 5% and time period 219 days.
5. How does the principal amount vary at 5% interest over 219 days compared to other scenarios?

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