If a deposit of Rs $1000$ earns simple interest of Rs $250$ in 3 years, how much interest would a deposit of Rs $3600$ earn in $3$ years with the same rate of interest?

Open in App

Solution

S.I $= 250 = \frac{1000 \times r \times 3}{100}$

$\Rightarrow$ rate $r = \frac{250}{30} = \frac{25}{3} p a$

$P = 3600$

$T = 3$ years

$r = \frac{25}{3}$ pa

S.I $= \frac{3600 \times 3 \times 25}{100 \times 3}$ $= 900$ Rs.

Suggest Corrections

Similar questions

Question 72

If a deposit of Rs 2000 earns an interest of Rs. 500 in 3 years, how much interest would a deposit of Rs. 36000 earn in 3 years with the same rate of simple interest?

You deposit Rs. 400 in a bank account paying $5 %$ simple interest per year. How much interest would you have earned after 3 years?

Q. Tanishka deposited Rs.

50, 000

in a bank for two years with the interest rate of

5.5 %

p.a. How much interest would she earn?

Join BYJU'S Learning Program

If a deposit of Rs 1000 earns simple interest of Rs 250 in 3 years, how much interest would a deposit of Rs 3600 earn in 3 years with the same rate of interest?

S.I=250=1000×r×3100⇒ rate r=25030=253paP=3600T=3 yearsr=253 paS.I=3600×3×25100×3=900 Rs.

If a deposit of Rs $1000$ earns simple interest of Rs $250$ in 3 years, how much interest would a deposit of Rs $3600$ earn in $3$ years with the same rate of interest?

S.I $= 250 = \frac{1000 \times r \times 3}{100}$

$\Rightarrow$ rate $r = \frac{250}{30} = \frac{25}{3} p a$

$P = 3600$

$T = 3$ years

$r = \frac{25}{3}$ pa

S.I $= \frac{3600 \times 3 \times 25}{100 \times 3}$ $= 900$ Rs.