Question 12 Marks
If a deposit of $Rs 2,000$ earns an interest of $Rs. 500$ in $3$ years, how much interest would a deposit of $Rs 36,000$ earn in $3$ years with the same rate of simple interest?
Answer
View full question & answer→In deposit of $Rs. 2000$ earns in $3$ years. with an interest $= Rs.\ 500$
Then, a deposit of $Rs.\ 1000$ earns in $3$ year with an interest = $\frac{500}{2}$ $= Rs. 250$
Similarly, deposit of $Rs. 3600$ i.e., $Rs. 36 \times 1000$ earns in $3$ year with an interest = $250 \times 36 = Rs. 9000$
Then, a deposit of $Rs.\ 1000$ earns in $3$ year with an interest = $\frac{500}{2}$ $= Rs. 250$
Similarly, deposit of $Rs. 3600$ i.e., $Rs. 36 \times 1000$ earns in $3$ year with an interest = $250 \times 36 = Rs. 9000$

