Question

if the interest on 3000rupees is 600rupees at a certain rate and certain number of years, what would the interes on 1500 rupees under the same condition ​

Answer 1

Answer:

Assuming that interest is given at simple rate of interest.

According to the question,

P = Rs. 3000 and simple interest = Rs. 300

Simple intrest = Pnr

3000nr = 600

rn = 1/5......(i)

P = Rs. 1500

Simple interest on rs. 15000 = 1500nr = 1500 × 1/5 = Rs. 300