Math, asked by kartikassw1, 5 hours ago

Lalita borrowed rs 500000 each from 2 banks for 4 years and five year respectively. find the difference in interest charges by both banks if rate of 8%. of class 7​

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Answered by ThePious
1

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Answered by danishtasiddique
0

Answer:

lalita borrowed from one bank rs.500000 for 4 years at the interest of 8%

lalita also borrowed from another bank rs.500000 for 5 years at the interest of 8%

According to questions,

interest = principle \times time \times rate \div 100

so,interest=

500000 \times 4 \times 8 \div 100 = 160000

and second bank , interest=

500000 \times 5 \times 8 \div 100 = 200000

so the answer is 160000and200000

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