The interest on a certain deposit at 3.5% per annum will be ₹ 210 in one year. How much will the additional interest in one year be on the same deposit at 4% per annum
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹ 30
SI = PRT/100
210 = (P × 3.5 × 1)/100
P = 6000
For R = 4%
SI = (6000 × 4 × 1)100 = 240
Difference in interest = 240 - 210 = Rs 30