9. Mr Das invested Rs 20,000 at a simple interest rate of 10% per annum for 3 years while Mr Sinha
invested the same sum at the compound interest rate of 15% for 2 years. Who will earn more
interest and by how much?
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Mr. Das.
P = 20,000
R = 10 %
N = 3 years
I = ?
I = PRN
100
I = 20000 X 10 X 3
100
I = 6000
Mr. Sinha
P = 20,000
R = 15 %
N = 2 years
I = ?
I = PRN
100
I = 20000 X 15 X 2
100
I = 6000
ANS : Mr. DAS & Mr. Sinha have same Interest.
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