Question

Avinash gave a sum of 5400 at the simple rate of interest of 8% to Rajeev for 4 years and Rajeev gave this amount to Chanukya at the rate of 6% for 4 years. Find how much extra amount has to be paid by Rajeev to Avinash after 4 years?
A) Rs. 364
B) Rs. 432
C) Rs. 498
D) Rs. 554

Answer 1

A) Rs. 364
B) Rs. 432
C) Rs. 498
D) Rs. 554☑️☑️

Answer 2

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Here is your answer
Avinash gave a sum to Rajeev
P = 5400
R = 8%
T = 4 years
SI = PRT/100
$= \frac{5400 \times 8 \times 4}{100} \\ = 1728$
Rajeev gave it to Chanukya
P = 5400
R = 6%
T = 4 years

SI = PRT/100
$= \frac{5400 \times 6 \times 4}{100} \\ = 1296$
Rajeev has to pay Rs 1728 - 1296
= Rs 432
Hence Option (B) Rs 432 is your answer

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