if a deposit of rs. 2000 yields an interest of rs.240 in 2 years, how much interest would a deposit of rs. 5000 yields in the same period of time
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If we calculate
Here take the intrest first 240rs in 2 years
It means that 240 rs in 24 months.
So on one month the intrest will be 240/24=10
Like intrest of 10 rs is provided in one month on price of 2000..
Here will calculate the percentage of 10 of 2000
The percentage will be 0.5
Now coming to the next step
5000 at the rate of 0.5 percent it will be 25 rs
Hence 25 rs of intrest in one month
So in 24 months the intrest will be 25*24= 600
Here is the answer 600 will be intrest on 5000 of money deposited for 2 years
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this is the answer for the question
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