Amal roy deposits ₹2000 in a bank and Pashupati gosh deposits ₹ 2000 in a post office at the same time
After 3 years the get the return amount as ₹ 2360 and 2480 respectively .let us write by calculating, the ratio of the rates of simple interest per annum in the bank and the post office
Answers
Answered by
18
IN bank = 2360-2000 = 360
T= 3 yrs
simple interest per annum = 360/3 = 120
IN post office = 2480-2000 = 480
T= 3 yrs
simple interest per annum = 480/3 = 160
Ratio = 120/160 = 3:4
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Answered by
5
Step-by-step explanation:
interest by bank = 2360-2000=360 for 3 years
interest % = 360 x 100/(2000 x 3)= 6%
interest by bank = 2480-2000=480 for 3 years
interest % = 480 x 100/(2000 x 3)= 8%
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