Question

If a deposit of rupees 2,000 earns a interest of rupees 500 in 3 years , how much interest would a deposit of rupees 36000 earn in 3 year with the same rate of simple interest ?

Answer 1

Answer:

If deposit of Rs 2000 earns in 3yr with an interest =Rs 500

Then, a deposit of Rs 1000 earns in 3yr with an interest =

2

500

=250

Similarly deposit of Rs 3600 i.e. Rs 36×1000 earns in 3yr with an interest =250×36=Rs 9000

hope it helps