Simple Interest – Symbolic rate/time: find the sum that yields interest Rs x: At x% simple interest for x years, the interest equals Rs x. On what principal will this occur?

Difficulty: Easy

Correct Answer: Rs (100/x)

Explanation:


Introduction / Context:
This algebraic simple-interest question uses a symbolic percentage x% for a duration of x years and states that the resulting interest equals Rs x. We must infer the principal that makes the simple-interest formula produce that exact interest.



Given Data / Assumptions:

  • Rate r = x% per annum
  • Time t = x years
  • Interest I = Rs x
  • Simple interest relation: I = P * r * t / 100


Concept / Approach:
Substitute r and t into the formula and solve for P in terms of x. Keep x as a positive real to ensure meaningful financial interpretation.



Step-by-Step Solution:
I = P * x * x / 100 = P * x^2 / 100Given I = x ⇒ x = P * x^2 / 100Solve for P: P = 100 / x



Verification / Alternative check:
Plug P = 100 / x into I: I = (100 / x) * x^2 / 100 = x, which matches the given interest exactly.



Why Other Options Are Wrong:
Rs x and Rs 100x scale incorrectly with x; Rs (100/x^2) and Rs (x/100) produce wrong magnitudes when substituted back into I = P * x^2 / 100.



Common Pitfalls:
Dropping the 100 in the denominator or misinterpreting x% as x can produce quadratic or linear errors. Keep the percent handling consistent.



Final Answer:
Rs (100/x)

More Questions from Simple Interest

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion