Question

10. Rohan deposited Rs 5000 at 8% per annum for 3 1/2


years and Sunil deposited Rs 5000 at 6 %

per annum for 4 years. Who will get more interest? What amount will each get?​

Answer 1

Answer:

Rohan will get more interest and Rohan will get  Rs.5140 and Sunil will get Rs.5120

Step-by-step explanation:

Case 1 )

Principal = Rs.5000

Time = 7/2 years  

Rate of interest = 8%  

Amount = Principal + Interest = 5000  + 140 = Rs.5140

Case 2 )

Principal = Rs.5000

Time = 4  years  

Rate of interest = 6 %  

Amount = Principal + Interest = 5000  + 120 = Rs.5120

So, Rohan will get more interest and Rohan will get  Rs.5140 and Sunil will get Rs.5120

Step-by-step explanation: