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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Solution
The interest on 3000 rupees is 600 rupees
The interest on 1 rupee is rupees
The interest on 1500 rupee is rupees
Hence, the correct option is (i).