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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?
 


Solution

If deposit of Rs. 2000 earns in 3 yr  with an interest  = Rs. 500
Then a deposit of Rs. 1000 earns in 3 yr with an intereest =5002=250
Similarly deposit of Rs. 3600 i.e. Rs. 36×1000 earns in 3 yr with an interest =250×36=Rs.9000

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