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Question
If the interest on 3000 rupees is 600 rupees at a certain rate for a certain number of years, what would the interest be on 1500 rupees under the same conditions?
Options
300 rupees
1000 rupees
700 rupees
500 rupees
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Solution
300 rupees
Explanation:
The interest on 3000 rupees is 600 rupees.
The interest in 1 rupee is `600/3000` rupees.
The interest in 1500 rupee is `600/3000xx1500` = 300 rupees.
Hence, the correct option is 300 rupees.
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