Question

A man deposited Rupees 6000 in a bank at 5% simple interest another man deposit rupees 5000 at 8% compound interest after 2 years the difference of the interest will be

Answer 1

Answer:

rs. 398.4

Step-by-step explanation:

si=6000*2*5/100

=600

ci=p(1+r/100)^n

=6000*(1+8/100)^2

=6000*108/100*108/100

=398.4