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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
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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Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| ...... | 5% | ...... | 6000 | 18000 |
