Amal Roy deposits rupees 2000 in a bank and Poshupoti Ghosh deposit rupees 2000 in a post office at the same time. After 3yrs . They get the return amount as rupees 2360 and rupees 2480 respectively. Let us write by calculating, the ratio of the rates of simple interest per annum in the bank and in the post office.
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Answer:
3:4
Explanation:
Principal is 2000 of both
Amount of amal= 2360
Amount of poshupati=2480
SI of amal = amount-principal
= 2360-2000
= 360
Si of poshupati= Amount- principal
= 2480-2000
= 480
ratio of both the interests = 360:480
= 2:3
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