Question

The rate of interest on Rs 2000 to
eam interest of Rs 500 in 5 years
will be
3%​

Answer 1

Answer:

Rs.9000

Step-by-step explanation:

Interest earned on deposit of Rs. 2000 for 3 months = Rs .500

Interest earned on deposit of Rs. 1 for 3 months = Rs.\frac{500}{2000}Rs.2000500

Interest earned on deposit of Rs. 36000 for 3 months = \frac{500}{2000}\times36000=Rs.90002000500×36000=Rs.9000.