The interest on a certain deposit at 4.5% p.a. is ₹ 202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% p.a. ?
Aptitude
Simple Interest
Difficulty: Easy
Choose an option
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A₹ 20.25
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B₹ 22.50
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C₹ 25
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D₹ 42.75
Answer
Correct Answer: ₹ 22.50
Explanation
### Concept & Formula
Simple interest is directly proportional to the rate of interest when the principal and time are constant.
$$SI \propto Rate$$
### Step-by-Step Solution
1. **Given:** Interest at 4.5% = ₹ 202.50.
2. The question asks for the *additional* interest if the rate increases from 4.5% to 5%.
3. The increase in the interest rate is $5\% - 4.5\% = 0.5\%$.
4. Since 4.5% corresponds to ₹ 202.50, we can use the unitary method to find the value corresponding to 0.5%.
5. Value of 0.5% = $\frac{202.50}{4.5} \times 0.5$
6. Simplify the fraction: $\frac{0.5}{4.5} = \frac{1}{9}$
7. Additional interest = $\frac{1}{9} \times 202.50 = 22.50$
### Exam Strategy & Shortcut
Instead of calculating the principal, recognize that the extra interest is generated purely by the extra 0.5% rate. The ratio of the additional rate (0.5%) to the original rate (4.5%) is 1:9. Simply divide the original interest by 9 to get the answer instantly: $202.50 / 9 = 22.50$.
### Common Pitfall
A common time-waster is calculating the full principal sum ($P = \frac{202.50 \times 100}{4.5 \times 1} = 4500$), then calculating the new total interest at 5% ($225$), and finally subtracting to find the difference ($225 - 202.50 = 22.50$).
### Final Answer
Therefore, the correct answer is **₹ 22.50**.