At a rate of 10 p.c.p.a., what would be the interest for one year on rupees 6000?

₹600

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₹200

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₹160

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None of the above

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Solution

The correct option is A ₹600
Let us suppose that the interest on the principal of ₹6000 is x.
On principal ₹100, the interest is ₹10.
We shall take the ratio of interest to principal, write it in two forms and obtain an equation.
$\frac{x}{6000} = \frac{10}{100}$

$x = \frac{10}{100} \times 6000 = 600$

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Q. If the simple interest on

3000

rupees is

600

rupees at a certain rate for a certain number of years, what would the interest be on

1500

rupees under the same condition?

Q. If the interest on 3000 rupees is 600 rupees at a certain rate for a certain number of years, what would the interest be on 1500 rupees under the same conditions ?
(i) 300 rupees
(ii) 1000 rupees
(iii) 700 rupees
(iv) 500 rupees

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At a rate of 10 p.c.p.a., what would be the interest for one year on rupees 6000?

The correct option is A ₹600Let us suppose that the interest on the principal of ₹6000 is x. On principal ₹100, the interest is ₹10. We shall take the ratio of interest to principal, write it in two forms and obtain an equation. x6000=10100 x=10100×6000=600