The interest on ₹ 500 is ₹ 25. Calculate the interest on ₹ 750.

₹ 37.5

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

₹ 39

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 36

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 35.5

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
₹ 37.5

Given, interest on ₹ 500 = ₹ 25

$∴$ Interest on ₹ 1 = $\frac{25}{500}$

= ₹ $\frac{1}{20}$

$\Rightarrow$ Interest on ₹ 750 = 750 $\times$ Interest on ₹ 1

= $\frac{1 \times 750}{20}$

= ₹ 37.5

Suggest Corrections

Similar questions

Q. Calculate the difference in compound interest when interest is calculated yearly and half yearly on sum of

R s 50, 000

for one year at

25 %

per annum.

Q. Calculate the compound interest on ₹ 500 over 1 year and 6 months at 20% per annum if the interest rate is compounded half-yearly.

Mahibur paid an interest of Rs. 750 for 2 years on a sum of Rs. 4500 on simple interest. If the rate of interest is $x \frac{1}{3}$ % p.a, then ' $x$ ' is ___.

Q. The calculation of interest on the interest of principal amount is called

Question 49

Compound interest is the interest calculated on the previous year's amount.

Join BYJU'S Learning Program

The interest on ₹ 500 is ₹ 25. Calculate the interest on ₹ 750.

The correct option is A ₹ 37.5 Given, interest on ₹ 500 = ₹ 25 ∴ Interest on ₹ 1 = 25500 = ₹ 120 ⇒ Interest on ₹ 750 = 750 × Interest on ₹ 1 = 1×75020 = ₹ 37.5

The correct option is A
₹ 37.5

Given, interest on ₹ 500 = ₹ 25

$∴$ Interest on ₹ 1 = $\frac{25}{500}$

= ₹ $\frac{1}{20}$

$\Rightarrow$ Interest on ₹ 750 = 750 $\times$ Interest on ₹ 1

= $\frac{1 \times 750}{20}$

= ₹ 37.5