1. Question:10. A man sells Rs. 5000, 12% stock at 156 and invests the proceeds party in 8% stock at 90 and 9% stock at 108. He thereby increase his income by Rs. 70. How much of the proceeds were investing in each stock ? 

    Answer
    S.P. of Rs. 5000 stock`= Rs. (156/100 xx 5000)`
    
                `= Rs. 7800.`
    
    Income from this stock` = Rs. (12/100 xx 5000)`
    
             `= Rs. 600.`
    
    Let investment in 8% stock be x & that in 9% stock = (7800 - x).
    
    `:. (x xx 8/90) + (7800 - x) xx 9/108 = (600 + 70)`
    
    `or 4x/45 + (7800 - x)/12`
    
    `= 670`
    
    `or 16x + 117000 - 15x`
    
    `= (670 xx 180) or x = 3600.`
    
    :. Money invested in 9% stock at 108 
    
    `= Rs. (7800 - 3600)`
    
    `= Rs. 4200.`






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  2. Question:A sum at simple interest at` 13 1/2%` per annum amounts to Rs. 2502.50 after 4 years. Find the sum. 

    Answer
    Let sum be x. Then,
    
    S.I.` =(x xx 27/2 xx 4 xx 1/100)`
    
        `= (27x)/50`
    
    :. Amount` = (x + (27x)/50)`
    
                  `= (77x)/50`
    
    `:. (77x)/50 = 2502.50 or x`
    
    `= (2502.50 xx 50)/(77)`
    
    `= 1625`
    
    Hence, sum = Rs. 1625






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  3. Question:A certain sum of money amounts to Rs. 1008 in 2 years and to Rs 1164 in` 3 2/1` years. Find the sum and the rate of interest. 

    Answer
    S.I. for` 1 1/2` years = Rs. (1164 - 1008) = Rs 156.
    
    S.I. for 2 years` = Rs.(156 xx 2/3 xx 2) = Rs. 208`
    
    :. principal` = Rs. (1008 - 208) = Rs. 800`
    
    Now, P = 800, T = 2 and S.I. = 208
    
    :. Rate` = ((100 xx S.I)/(P xx T))`
    
      `= ((100 xx 208)/(800 xx 2))%`
    
    ` = 13%`






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  4. Question:At what rate percent per annum will a sum of money double in 8 years ? 

    Answer
    Let principal = P. Then, S.I. = P and Time = 8 years .
    
    :. Rate` = ((100 xx P)/(P xx 8))%`
    
      `= 12.5%` per annum.






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  5. Question:A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs. 360 more. Find the sum. 

    Answer
    Let sum = P and original rate = R. Then,
    
    `(P xx (R + 2) xx 3)/(100) - (P xx R xx 3)/(100)`
    
    `= 360`
    
    or 3 PR + 6P - 3PR
    
    `= 36000 or 6P`
    
    `= 36000 or P = 6000.
    
    Hence, sum = Rs 6000.






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