1.

What is the interest received on a principal of Rs 650 for 3 years if the interest received on Re 1 after 5 years at the same rate of SI is Re 0.50 ?

Answer»

RS. 195



INTEREST on Re 1 in 5 yrs = 0.50
Therefore, Interest on Rs 100 in 5 yrs = 50
Therefore, Interest on Rs 100 ion 1 yrs = 50/5 = 10
Therefore, Interest on Rs 650 = 650 x 3 x 10/100 = 195



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