Amar lends Rs 50000 for 2 years at 5% p.a simple interest. Irfan lends Rs 50000 for2 years at 5% p.a compounded annually. Find the difference in the interests earned by the two of them.
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Step-by-step explanation:
Let the sum lent to C be x.
Given the rate of interest is 7%.
Now according to the question,
100
2500×7×4
+
100
x×7×4
=1120
⇒2500×28+28x=112000
⇒2500+x=4000
⇒x=4000−2500=1500
Hence the sum lent to C is Rs.1500.
according to these theory you do the question
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