Question

Equal sum of RS 5600 were lent to Reena and Shikha at 12 1/2 percent per annum for a period of 2 years and 2 1/2 years respectively. find the difference of interest paid by Reena and Shikha.​

Answer 1

Answer:

350

Step-by-step explanation:

P= 5600 R= 12.5%

For Reena t= 2 years

S.I = P*R*t/100

    = 5600*12.5*2/100

    =1400

For Shikha t= 2.5 years

S.I= P*R*t/100

    = 5600*12.5*2.5/100

    =1750

Difference of interest paid = 1750-1400

                                             = 350