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 condition

Asked by yadvendrayadav353 | 10th Dec, 2018, 08:16: PM

Expert Answer:

Assuming that interest is given at simple rate of interest.
According to the question,
P = Rs. 3000 and simple interest = Rs. 300
Simple intrest = Pnr 
3000nr = 600
rn = 1/5......(i)
P = Rs. 1500
Simple interest on rs. 15000 = 1500nr = 1500 × 1/5 = Rs. 300

Answered by Sneha shidid | 11th Dec, 2018, 10:00: AM