7. If a deposit of 2,000 earns an interest of 500 in 3 years, how much interest would a
deposit of 36,000 earn in 3 years with the same rate of simple interest? don't spam. be fast
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Answered by
3
Answer:
Step-by-step explanation:
As we know that,
S.I.=
100
P×R×t
Given:-
S.I.=Rs.500
P=Rs.2000
t=3 years
∴500=
100
2000×R×3
⇒R=
20×3
500
=
3
25
%
Therefore,
For Rs.36000,
S.I.=
100
36000×
3
25
×3
=Rs.9000
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