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Q.
The interest on a certain deposit at 4.5% p.a. is Rs. 202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% p.a. ?
A.
Rs. 22.5
B.
Rs. 2.5
C.
Rs. 202
D.
Rs. 25
View Answer
Correct choice: A
Explanation:
We know that I = PTR/100 => P = 20250/4.5 = 4500 Now, new Interest at 5% = 4500x1x5/100 = 225 Now the additional amount = 225 - 202.5 = Rs. 22.5
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