Question
The interest on a certain deposit at 4.5% per annum is Rs. 202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% per annum?
Answer: Option B
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S.I. = Rs. 202.50, R = 4.5%, T = 1 year.
Principal = Rs.
100 x 202.50
= Rs. 4500
4.5 x 1
Now, P = Rs. 4500, R = 5%, T = 1 year.
S.I. = Rs.
4500 x 5 x 1
= Rs. 225
100
Difference in interest = Rs. (225 - 202.50) = Rs. 22.50.
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