Question
A man invested Rs. 15,000 at simple interest of 'x%'
p.a. and received Rs. 30,000 after 2 years. If he had invested Rs. 30,000 at simple interest of 'x%' p.a. for 3 years, then find the interest earned by him from this investmentSolution
Total interest earned in 2 years = 30000 - 15000 = Rs. 15,000 ATQ; 15000 = (15000 Ă— x Ă— 2) Ă· 100 Or, x = 50 So, required interest earned = (30,000 Ă— 50 Ă— 3) Ă· 100 = Rs. 45000
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