If annual rate of simple interest increases from 10% to 15%, a man's yearly income increases by Rs.4000.His principal in(Rs)

Question

If annual rate of simple interest increases from 10% to 15%, a man's yearly income increases by Rs.4000.His principal in(Rs)
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

To find the principal amount, we need to understand that the increase in interest rate from 10% to 15% is the reason for the Rs.4000 increase in the man's yearly income. This means that the 5% increase in interest rate is equivalent to Rs.4000.

Step 1: Express the increase in interest rate as a dec Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

This problem has been solved

Similar Questions

If annual rate of simple interest increases from 10% to 15%, a man's yearly income increases by Rs.4000.His principal in(Rs)

If annual rate of simple interest increases from 10% to 5%, a man's yearly income decreases by Rs.4000.His principal in(Rs)

Find the rate, if simple interest earned is Rs. 168 on a principal of Rs.1050 for 2 years.

What sum of money at simple interest,amount to Rs.800 in 4 years and amount to Rs.900 in 6 years.Find the principal value and rate of interest.

A money lender finds that due to fall in the annual rate of interest 8% to 734%, his yearly income diminishes by 61.50. His capital is?

1/3