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.?
Question
Solution 1
To find the additional interest in one year on the same deposit at 5% p.a., we can follow these steps:
Step 1: Calculate the principal amount of the deposit. To find the principal amount, we can use the formula: Interest = (Principal * Rate * Time) / 100
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