Question

If a deposit of $ 2,000 earns an interest of $ 500 i 3 years, how much interest would a deposit of $ 36,000 earn in 3 years with the same rate of simple interest?​

Answer 1

Answer:

let the interest be x

sum of ₹ 2000 36000

Interest 500 x

It is the case of direct variation

= 2000/500 = 36000/x

x = 500 * 36000/2000

x = ₹ 9000