Question

if the rate of interest is reduced from 4%to 7/2%per year ,find the decrease in simple interest on ₹8400 for 5/2 years ​

Answer 1

Answer:

intrest at 4% per year

SI=8400×5/2×4/100

=840rupees

interest at 7/2%per year

SI =8400×5/2×7/2×200

=735

decrease in simple interest=840-735=105rupees