Question

Mr Das invested Rs 20000 simple interest rate 10% p.a. for 3 years while Mr Sinha invested the same sum at the compound interest rate of 15% for 2 years. Who will earn more interest and by how much?​

Answer 1

Answer:

1

gayatritolani590

18.06.2019

Math

Secondary School

+5 pts

Answered

mr das invested rs 20000 at a simple interest rate of 10percent per annum for 3 years while mr sinha invested same sum at compound interest rate of 15 percent for 2 years.who will earn more interest and by how much

1

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uvy

uvy Ace

Answer:

Mr sinha

Step-by-step explanation:

Mr das

20000 @10%

1st yr 2nd yr 3rd yr

10%of20000

2000 2000 2000

Si is same for all years

So total =6000

Mr sinha

At15% on CI

1st yr 2nd yr

15%of20000 3000+15%of3000

3000 3000+450=3450

Total=6450

Answer 2

Answer:

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Mr das

20000 @10%

1st yr 2nd yr 3rd yr

10%of20000

2000 2000 2000

Si is same for all years

So total =6000

Mr sinha

At15% on CI

1st yr 2nd yr

15%of20000 3000+15%of3000

3000 3000+450=3450

Total=6450

Therefore Mr Sinha earned More

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