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ICSE Class 8 Answered

If a deposit of ₹10,000 yield an interest of ₹5,000 in 5year how much interest would a deposit of 15000 y i e l d in the the same period of time
Asked by Plalit2017 | 05 Nov, 2019, 06:17: AM
answered-by-expert Expert Answer
Principal = 10,000, Interest = 5,000 and time = 5 years
S. I equals fraction numerator P cross times N cross times R over denominator 100 end fraction rightwards double arrow 5 comma 000 equals fraction numerator 10000 cross times 5 cross times R over denominator 100 end fraction rightwards double arrow R equals 10 T h e r e f o r e comma space r a t e space o f space i n t e r e s t space i s space 10 percent sign. N o w comma space t o space f i n d space i n t e r e s t space w h e n space P equals 15 comma 000 space a t space t h e space s a m e space r a t e space a n d space i n space s a m e space p e r i o d space o f space t i m e S. I equals fraction numerator P cross times N cross times R over denominator 100 end fraction equals fraction numerator 15000 cross times 5 cross times 10 over denominator 100 end fraction equals 7500 H e n c e comma space t h e space i n t e r e s t space w o u l d space b e space R s. space 7 comma 500.
Answered by Renu Varma | 05 Nov, 2019, 10:37: AM

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