Question

9. Equal sums of 10200 were lent to Neha and Shruti
at 6% per annum for a period of 4 years and 5 years
respectively. Find the difference of the interest paid
by Neha and Shruti.​

Answer 1

Answer:

Rs. 612

Step-by-step explanation:

According to Question,

Neha:

SI = PRT/100 = (10200×6×4)/100 = Rs. 2448

Shruti:

SI = PRT/100 = (10200×6×5)/100 = Rs. 3060

Now,

the difference of interests paid by Neha and Shruti

= Int. paid by Shruti - Int. paid by Neha

= 3060 - 2448

= 612

(This is done because int. paid by Shruti is higher than int. paid by Neha due to difference in Time period)