Rahul deposited 7,000 at 7% per annum for 9/2
years and Rohan deposited * 7,000 at
6% per annum for five years. Who will get more interest? What amount will each get?
Answers
Answered by
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Step-by-step explanation:
RAHUL
principle= ₹7000
rate of interest=7%per annum
time =9÷2 years
S.I =prt ÷100
= ₹(7000×7×9)÷(100×2)
=₹(35×7×9)
=₹2205
amount=₹(7000+2205)
=₹9205
ROHAN
principle =₹7000
rate of interest=6%
time=5years
S.I =prt÷100
=₹{(7000×6×5) ÷(100)}
=₹(70×6×5)
=₹2100
amount=₹(7000+2100)
=₹9100
hence, Rahul will get more interest
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