If the interest on 3000 rupees is 600 rupees at a certain rate for a certain number of years,what would the interest be on 1500 rupees under the same conditions ?
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since the interest is directly proportional to principal amount,on halving the principal,the interest will also get halved . So the interest will become rupees 300
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hope it helps you mate:D
Step-by-step explanation:
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.
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