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If a deposit of 1000 rupees earns an interest of rupees 250 in 3 years, how much interest would a deposit of rupees 3600 earns in 3 years with the same rate of interest,?
Verified Answer
If a deposit of 1000 rupees earns an interest of rupees 250 in 3 years...
Interest = principle*time*rate of interest/100
here principle amount = Rs 1000
interest = Rs 250
time = 3years
therefore 250 = 1000*3*r/100
⇒ r = 8.33 %
For another deposit principle = Rs 3600
time = 3 years
rate of interest = 8.33%
Interest = 3600 * 3 *8.33 /100
⇒ interest = Rs 900
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Most Upvoted Answer
If a deposit of 1000 rupees earns an interest of rupees 250 in 3 years...
Calculating Interest Earned on a Deposit:
To calculate the interest earned on a deposit, we need to use the formula:
\[ \text{Interest} = \text{Principal} \times \text{Rate} \times \text{Time} \]
Given information:
- Principal amount = 1000 rupees
- Interest earned = 250 rupees
- Time = 3 years
Calculating the Rate of Interest:
We can calculate the rate of interest using the formula:
\[ \text{Rate} = \frac{\text{Interest}}{\text{Principal} \times \text{Time}} \]
Substituting the values:
\[ \text{Rate} = \frac{250}{1000 \times 3} = \frac{250}{3000} = \frac{1}{12} \]
Therefore, the rate of interest is 1/12 or 0.0833.
Calculating Interest on a Deposit of 3600 rupees:
Now, we can calculate the interest earned on a deposit of 3600 rupees using the same rate of interest (0.0833) and time period (3 years).
\[ \text{Interest} = 3600 \times 0.0833 \times 3 = 900 rupees \]
Therefore, a deposit of 3600 rupees would earn an interest of 900 rupees in 3 years with the same rate of interest.
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If a deposit of 1000 rupees earns an interest of rupees 250 in 3 years, how much interest would a deposit of rupees 3600 earns in 3 years with the same rate of interest,?
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If a deposit of 1000 rupees earns an interest of rupees 250 in 3 years, how much interest would a deposit of rupees 3600 earns in 3 years with the same rate of interest,? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about If a deposit of 1000 rupees earns an interest of rupees 250 in 3 years, how much interest would a deposit of rupees 3600 earns in 3 years with the same rate of interest,? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a deposit of 1000 rupees earns an interest of rupees 250 in 3 years, how much interest would a deposit of rupees 3600 earns in 3 years with the same rate of interest,?.
If a deposit of 1000 rupees earns an interest of rupees 250 in 3 years, how much interest would a deposit of rupees 3600 earns in 3 years with the same rate of interest,? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about If a deposit of 1000 rupees earns an interest of rupees 250 in 3 years, how much interest would a deposit of rupees 3600 earns in 3 years with the same rate of interest,? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a deposit of 1000 rupees earns an interest of rupees 250 in 3 years, how much interest would a deposit of rupees 3600 earns in 3 years with the same rate of interest,?.
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