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Question

₹ $x$ invested at 9% simple interest per annum for 5 years yields the same interest as that on ₹ $y$ invested at 6.25% simple interest per annum for 8 years. Find $x : y$.

This question was previously asked in
RRB ALP/Technician 2018 CBT 2 Electronics Mechanic Question Paper (23-Jan-2019) (Shift 1)
The correct answer is
10 : 9

Simple Interest Ratio Calculation

The problem requires finding the ratio $x : y$ based on equal simple interest yields from two different investments.

Understanding Simple Interest

The formula for Simple Interest (SI) is:

$ SI = \frac{P \times R \times T}{100} $

Where:

  • $P$ is the Principal amount
  • $R$ is the Rate of interest per annum
  • $T$ is the Time period in years

Calculating Interest Yields

Interest from investment ₹$x$:

  • Principal ($P_x$) = $x$
  • Rate ($R_x$) = 9%
  • Time ($T_x$) = 5 years
  • Interest ($SI_x$) = $ \frac{x \times 9 \times 5}{100} = \frac{45x}{100} $

Interest from investment ₹$y$:

  • Principal ($P_y$) = $y$
  • Rate ($R_y$) = 6.25%
  • Time ($T_y$) = 8 years
  • Interest ($SI_y$) = $ \frac{y \times 6.25 \times 8}{100} = \frac{50y}{100} $

Equating the Interests

The problem states that the interests are the same:

$ SI_x = SI_y $

$ \frac{45x}{100} = \frac{50y}{100} $

Finding the Ratio $x : y$

We can simplify the equation by cancelling out the denominator $100$:

$ 45x = 50y $

To find the ratio $x : y$, we rearrange the equation:

$ \frac{x}{y} = \frac{50}{45} $

Now, simplify the fraction:

$ \frac{x}{y} = \frac{50 \div 5}{45 \div 5} = \frac{10}{9} $

Therefore, the ratio $x : y$ is $10 : 9$.

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Similar Questions

  1. The simple interest on ₹1,280 at 5% p.a. in 3 years is:

  2. How long will it take for ₹1,500 to become ₹2,040 at a rate of 8% per annum simple interest?
  3. A sum of ₹1,250 amounts to ₹1,550 in 4 years. What is the simple interest rate?
  4. What will be the simple interest on ₹1,450 invested for 5 years at a rate of 5% pa?
  5. A sum of ₹1,250 amounts to ₹1,550 in 4 years. What is the simple interest rate?
  6. What will be the simple interest on ₹ 1,450 invested for 5 years at a rate of 5% pa?
  7. A sum of ₹ 2,000, invested at the rate of 8.5% simple interest per annum for 6 years will yield an interest of:
  8. Reeta invests a certain sum of money at a certain rate of simple interest per annum, and the interest she gets is equal to one-fourth of the sum invested. If the time period (in years) of investment is equal to the percentage rate of interest per annum, for how many years did Reeta invest the sum of money?
  9. In what duration will a sum of money double itself at 10% per annum rate of simple interest?

  10. A sum of money lent on simple interest becomes \(7\over5\) of itself in 4 years. Find the rate of interest per annum.


Important Questions from Simple Interest

  1. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest ?

  2. Nirav and Mehul borrowed Rs.4000 and Rs.5000 respectively for 2.5 years at the rate of x% per annum. Mehul paid Rs 125 more interest than Nirav. Find x.

  3. The difference between the simple interest received from two banks on Rs. 500 for two years is Rs. 2.50. What is the difference between their rates?

  4. P borrowed an amount from Q at a simple interest of 10% p.a. At the end of the year, P paid back Rs 99000 which was 90% of what she owed. How much money did P borrow?

  5. An amount becomes Rs. 3795 in 3 years and Rs. 4537.50 in \(7 \frac{1}{2}\)  years on simple interest. Find the rate of interest per annum.

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