Que: A person borrowed a certain amount of money from a private organization at a simple interest rate of 5% per annum. He lent out 50% of this amount to another individual at a compound interest rate of 10% per annum. As a result, he earned a profit of Rs. 3,205 in 4 years. What was the initial amount borrowed by the person?
(a) 80,000
(b) 1,00,000
(c) 1,20,000
(d) 1,50,000
Que: Given a rate of 5% per annum, if the difference between the compound interest and simple interest earned on a sum of money over a period of 3 years is 36.60 rs, what is the value of the sum of money?
(a) 8000 rs
(b) 8400 rs
(c) 4400 rs
(d) 4800 rs
In this intriguing problem, we dive into the world of simple and compound interest. Join us as we unravel the solution to a challenging scenario involving borrowing, lending, and calculating profits.
In this YouTube video, we present a step-by-step breakdown of the problem and its tricky solution. Discover how a person borrowed a certain amount of money at a simple interest rate of 5% per annum, and then lent out 50% of this amount to another individual at a compound interest rate of 10% per annum. After 4 years, the person earned a profit of Rs. 3,205.
Through detailed explanations and strategic problem-solving techniques, we unravel the mystery of the initial amount borrowed by the person. You'll gain valuable insights into the concepts of simple interest, compound interest, rates, and profits.
Whether you're a student preparing for competitive exams like CAT, SSC, SNAP, GRE, GMAT, Olympiad, IBPS PO, or simply interested in enhancing your problem-solving skills, this video is a must-watch. Sharpen your mathematical abilities, boost your critical thinking, and learn how to tackle similar complex problems with confidence.
Don't miss out on this exciting opportunity to strengthen your understanding of simple and compound interest mix problems. Join us now and unravel the intriguing solution that leads to the initial borrowed amount and an enriching learning experience!
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