If a deposit of Rs 2,000 earns an interest of Rs 500 in 3 years, how much interest would a deposit of Rs 36,000 earn in 3 years with the same rate of simple interest?

Solution:

Deposit    Interest earned on deposit in three years

2000                           500

36000                        x = ?

The Interest earned on 36000 for 3 years will be higher than what is earned on Rs. 2000 and it is calculated as follows:

x = 500 × (36000/2000)

x = 500 × 18

x = Rs. 9000

✦ Try This: If a deposit of Rs 20,000 earns an interest of Rs 2400 in 3 years, how much interest would a deposit of Rs. 2,00,000 earn in 3 years with the same rate of simple interest?

Deposit      Interest earned on deposit in three years

20,000                             2400

2,00,000                           x = ?

The Interest earned on 36000 for 3 years will be higher than what is earned on Rs. 2000 and it is calculated as follows:

x = 2400 × (2,00,000/20,000)

x = 2400 × 10

x = Rs. 24,000

☛ Also Check: NCERT Solutions for Class 8 Maths Chapter 13

---

NCERT Exemplar Class 8 Maths Chapter 10 Problem 72

If a deposit of Rs 2,000 earns an interest of Rs 500 in 3 years, how much interest would a deposit of Rs 36,000 earn in 3 years with the same rate of simple interest

Summary:

If a deposit of Rs 2,000 earns an interest of Rs 500 in 3 years, then a deposit of Rs 36,000 earn in 3 years will earn Rs. 9000 as simple interest

---

☛ Related Questions:

• The mass of an aluminium rod varies directly with its length. If a 16 cm long rod has a mass of 192 . . . .
• Find the values of x and y if a and b are in inverse proportion:a. 12 x 8 b. 30 5 y
• If Naresh walks 250 steps to cover a distance of 200 metres, find the distance travelled in 350 ste . . . .