Q23. Karan and Karim
borrowed equal sum of Rs.
7500 from a friend at
a rate of
11% p.a. If Karan return the
amount after 3 and half year
and Karim return the amount
the amount in 4 and half year,
find the difference in the
amount paid by them. *
Answers
Answer:
Let the amount be given of Simple Interest
For karan the interest is
SI = 7500*11*3.5/100
= 2,887.5
Total amount Paid = 10,387.5
For Karim the interest is
SI = 7500*11*4/100
= 3,300
Total amount Paid = 10800
The difference in the amount paid by them,
= 10800 - 10387.50
= Rs 412.5
Answer:
Rs.825
Step-by-step explanation:
1 st Case
Principle= Rs.7500
Rate=11%
Time=3 1/2 yrs, 7/2 yrs
We know,
S.I= P×R×T
100
= 7500×11×7
100×2
=577500
200
=RS.2887.5
A= S.I + P
=Rs.2887.5+7500
= Rs.10387.5
2nd Case
P= Rs.7500
R=11%
T=4 1/2 yrs, 9/2 years
We know,
S.I= P×R×T
100
= 7500×11×9
100×2
=742500
200
=Rs.3712.5
A=S.I+P
= 7500+3712.5
=11212.5
THEREFORE DIFFRENCE= Rs.10387.5 - Rs.11212.5
=Rs.825
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