Rajiv invests ₹ 9500 in a bank and earns interest of ₹ 665. If Deepak invests in the same bank, at the same rate of interest, for the same time period, an amount of ₹ 7,500, what will be the interest that he will earn?
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Solution
Let the interest earned by Deepak be ₹ x.
(Rajiv’s principal) : (Deepak’s Principal) ∷ (Rajiv’s Interest) : (Deepak’s Interest) 9500:7500::665:x 9500x=7500×665 x=7500×6659500=₹525