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easyMCQCompetitive Exam2026Quantitative Aptitude
1 mark

On a deposit of ₹1,50,000, R gets ₹2,000 as interest on a simple rate of interest in a year. How much amount (in ₹) should he deposit to get an interest of ₹4,500?

  1. A
    3,77,500
  2. B
    2,77,500
  3. C
    4,25,500
  4. D
    3,37,500

Solution & Step-by-step Explanation

For a fixed rate of interest and time period, the simple interest earned is directly proportional to the principal amount deposited.
I∝P⟹
P
1


I
1



=
P
2


I
2




Given:

P
1

=₹1,50,000

I
1

=₹2,000

I
2

=₹4,500

Let the new deposit be P
2

:

150000
2000

=
P
2


4500


150
2

=
P
2


4500


2⋅P
2

=4500×150
P
2

=4500×75=3,37,500
Thus, he should deposit ₹3,37,500.

Practice this question

Try it yourself before checking the explanation above.

On a deposit of ₹1,50,000, R gets ₹2,000 as interest on a simple rate of interest in a year. How much amount (in ₹) should he deposit to get an interest of ₹4,500?
A
3,77,500
B
2,77,500
C
4,25,500
D
3,37,500

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