1. Ans.
(b) ₹ 600
𝑀𝑉=𝑃×𝑛+𝑃×𝑛(𝑛+1)2×12×𝑟100MV=P×n+P×2×12n(n+1)×100r
Explanation:
⇒7,668=𝑃(12+12×(12+1)2×12×12100)[∵𝑛=1 𝑦𝑒𝑎𝑟=12 𝑚𝑜𝑛
𝑡ℎ𝑠]⇒7,668=P(12+2×1212×(12+1)×10012)[∵n=1 year=12 months]
⇒7,668=𝑃(12+78100)⇒7,668=P(12+10078)
⇒7,668=𝑃(12+1,278100)⇒7,668=P(12+1001,278)
⇒ P = 600
2. Ans. (c) ₹ 760
Explanation:
we have
P = ₹ x, n=2 years = 24 months, r = 10% and
I = ₹ 1,900
𝑛(𝑛+1)2×12×𝑟1002×12n(n+1)×100r
We know,
⇒
I = P ×
⇒
1,900 = x × 24×25242424×25×1010010010
⇒ x = 760.
1,900 = 2.5 x
I = P ×𝑛(𝑛+1)2×122×12n(n+1)×61001006
3. (a) Since, number of months (n) = 24 and rate of interest (r) = 6%
⇒ 1200 = P ×24(24+1)2×122×1224(24+1)×61001006
⇒ P =24(24+1)2×122×1224(24+1)×61001006
∴ Monthly instalment = ₹ 800 Ans.
= ₹ 800
(b) Sum deposited = ₹ 800 × 24
= ₹ 19200
Amount on maturity = ₹ 19,200 + ₹ 1,200
= ₹ 20,400 Ans.
4. Explanation:
we have, n = 5 year = 5 × 12 = 60 months, r = 9% M.V. = ₹ 51607.50.
I = P×𝑛(𝑛+1)2×122×12n(n+1)×𝑟100100r
Since,
= P ×60×612×122×1260×61×91001009=549𝑃4040549P
∴ M.V. = Pn + I = P × 60+549𝑃4040549P
=2400+549𝑃40402400+549P
= 2949𝑃40402949P
According to the question,
=2949𝑃40=402949P = 51607.50
⇒ P =51607.50×402949294951607.50×40
∴ P = ₹ 700.
5. Explanation:
Here we have Ranajit Bhattacharya.
P = ₹ 10000, time = 6 years 6 × 12 = 72 months and we have to find r%
MV = P × n + P ×(𝑛)(𝑛+1)2×122×12(n)(n+1)×𝑟100100r
Clearly
8,84,250 = ₹ 10000 × 72 +(72)(78)2424(72)(78)×𝑟100,100r,
(i) so that we get.
on solving we get: r% = 7.4%
Now for Lt Colonel Jayant:
P = ₹ 10000, time = 6 years 6 × 12 = 72 months and we have to find r%
His maturity value is ₹ 19.710 less than the maturity value of Mr Ranajit:
I.e. ₹ 8,84,250 - ₹ 19.710 = ₹ 8,64,540 and rate is not known. Let it be R%
Clearly, ₹ 8,64,540
= ₹ 10,000 × 72 + = ₹ 10000 ×(72)(78)24×𝑅100,24(72)(78)×100R
, on solving for R
We get: R% = 6.6%
So the difference between the rate% = 7.4%- 6.6% = 0.8% Ans.
6. 7%
