Question

If the interest on 3000 rupees is 600 rupees at a certain rate for a certain number of
what would the interest be on 1500 rupees under the same conditions ?
(i) 300 rupees
(ii) 1000 rupees
(iii) 700 rupees
(iv) 500 rupees

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Answer 1

Answer:

For our given problem it's given the interest on 3000 rupees is 600 rupees at a rate of r for n years. We put the values a=600,p=3000 in the equation a=pnr100. ... Therefore, the interest on 1500 rupees under the same conditions will be 300 Rs.