a sum of rs. 725 is lent in the beginning of a year at a certain rate of interest. after 8 months, a sum of rs. 362.50 more is lent but at the rate twice the former. at the end of the year, rs. 33.50 is earned as interest from both the loans. what was the original rate of interest?

a sum of rs. 725 is lent in the beginning of a year at a certain rate of interest. after 8 months, a sum of rs. 362.50 more is lent but at the rate twice the former. at the end of the year, rs. 33.50 is earned as interest from both the loans. what was the original rate of interest?

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Let's analyze the problem step-by-step using the simple interest formula:

Problem Summary:

  • Rs. 725 lent at the beginning of the year at rate R%R%R% per annum.
  • After 8 months, Rs. 362.50 more is lent at twice the original rate, i.e., 2R%2R%2R%.
  • Total interest earned at the end of the year from both loans is Rs. 33.50.
  • Find the original rate of interest RRR.

Step 1: Define variables

  • Principal 1, P1=725P_1=725P1​=725
  • Principal 2, P2=362.50P_2=362.50P2​=362.50
  • Rate 1, R%R%R%
  • Rate 2, 2R%2R%2R%
  • Time for first loan, T1=1T_1=1T1​=1 year
  • Time for second loan, T2=412=13T_2=\frac{4}{12}=\frac{1}{3}T2​=124​=31​ year (since lent after 8 months, so 4 months remain)

Step 2: Calculate interest from both loans

Using the simple interest formula SI=P×R×T100SI=\frac{P\times R\times T}{100}SI=100P×R×T​:

  • Interest from first loan:

I1=725×R×1100=725R100I_1=\frac{725\times R\times 1}{100}=\frac{725R}{100}I1​=100725×R×1​=100725R​

  • Interest from second loan:

I2=362.50×2R×13100=362.50×2R300=725R300I_2=\frac{362.50\times 2R\times \frac{1}{3}}{100}=\frac{362.50\times 2R}{300}=\frac{725R}{300}I2​=100362.50×2R×31​​=300362.50×2R​=300725R​

Step 3: Total interest equation

Total interest earned is Rs. 33.50, so:

I1+I2=33.50I_1+I_2=33.50I1​+I2​=33.50

725R100+725R300=33.50\frac{725R}{100}+\frac{725R}{300}=33.50100725R​+300725R​=33.50

Multiply through by 300 to clear denominators:

300×725R100+300×725R300=33.50×300300\times \frac{725R}{100}+300\times \frac{725R}{300}=33.50\times 300300×100725R​+300×300725R​=33.50×300

3×725R+725R=100503\times 725R+725R=100503×725R+725R=10050

2175R+725R=100502175R+725R=100502175R+725R=10050

2900R=100502900R=100502900R=10050

Step 4: Solve for RRR

R=100502900=3.46%R=\frac{10050}{2900}=3.46%R=290010050​=3.46%

Final Answer:

The original rate of interest is 3.46% per annum

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