Question

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?​

Answer 1

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