A man deposited a sum of ₹5000 in a bank and earned an interest of ₹600 in 2 years. How much interest would a deposit of ₹8000 earned in the Same period?
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C.I. for 1 person =
100
6000×2×5
=Rs.600
C.I. for II person =5000[(1+
100
8
)
2
−1]
=5000×[
25
27
×
25
27
−1]
=5000×[
625
729−625
]
=
625
5000×104
∴Reqddifference=832−600
=Rs.232
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