Rahul deposited ₹7000 at 7percent per annum for 4 1/2 years and Rohan deposited ₹7000 at 6percent for five years. Who will get more interest? What amount will each get?
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8
Answer:
P=RS 7000
R =7%
T=9/2 years
SI=PTR/100 ⇒7000×7×9/2/100 ⇒RS 2250
AMOUNT=7000+2250 ⇒RS 9250
Rohan
P=RS 7000
R =6%
T=5years
SI=PTR/100 ⇒7000×6×5/100 ⇒RS 2100
AMOUNT=7000+2100 ⇒RS 9100
Rahul will get more interest ANS
amount will each
Rahuls AMOUNT RS 9100 ANS
Rohans AMOUNT RS 9100 ANS
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