Question

Iluve to pay after two years?
Rohan deposited 5,000 at 8% per annum for 3 years and Sunil deposited
5,000 at 6% per annum for four years. Who will get more interest? What
amount will each get?​

Answer 1

Step-by-step explanation:

rohan deposited =5000

rate=8℅

time=3year

si=prt/100

=5000×8×3/100

=1200

amount =p+I

=5000+1200=6200

sunil

p =5000

r=6℅

t=4year

si=prt/100

=5000×6×4/100

=1200

a=p+I

=5000+1200=6200

both get equal money