If the interest on Rs 3000 is Rs 600 at a certain rate for a certain n

1.	If the interest on Rs 3000 is Rs 600 at a certain rate for a certain number of years, what would the interest be on Rs 1500 under the same conditions? (A) Rs 300 (B) Rs 1000 (C) Rs 700 (D) Rs 500
Answer» (A) Rs 300 The interest on Rs 3000 at certain rate of interest is Rs 600. Let us suppose the interest on Rs 1500 at the same rate is x. ∴ 600/3000 = x/1500 ∴ x = Rs 300

If the interest on Rs 3000 is Rs 600 at a certain rate for a certain number of years, what would the interest be on Rs 1500 under the same conditions? (A) Rs 300 (B) Rs 1000 (C) Rs 700 (D) Rs 500

Answer»

(A) Rs 300

The interest on Rs 3000 at certain rate of interest is Rs 600.

Let us suppose the interest on Rs 1500 at the same rate is x.

∴ 600/3000 = x/1500

∴ x = Rs 300