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. ?

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. ? Correct Answer Rs. 22.5

We know that I = PTR/100=> P = 20250/4.5 = 4500Now, new Interest at 5% = 4500x1x5/100 = 225Now the additional amount = 225 - 202.5 = Rs. 22.5

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