Math, asked by 7fr36samyaks, 4 months ago

Equal sums of Rs. 7200 were lent to Amit and Sumit at 5% per annum for a period of 3 years and 4 years respectively. Find the difference of the interest paid by Amit and Sumit

Answers

Answered by AbhinavM2008

1

Step-by-step explanation:

Interest= PRT/100. (FOR AMIT)

= 7200×5×3/100

= 1080

Interest= PRT/100. (FOR SUMIT)

= 7200×5×4/100

= 1440

Difference= 1440-1080

= 360

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