Rahule deposited 7000 at 7% per annum for 9/2.years and rohan deposited 7000at 6% per annum for five years. Who will get more interest?.what amount will each get.
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Simple Internet of Rahule
= ₹ 7,000×7×9/100×2
=₹2,205.
Simple Interest of Rohan
= ₹ 7,000×6×5/100
= ₹2,100.
Rahule will get more interest.
Amount of Rahule
= ₹(7,000+2,205)
= ₹9,305.
Amount of Rohan
= ₹(7,000+2,100)
= ₹9,100.
Hence, Rahule will get ₹9,305 as amount and Rohan will get ₹9,100 as amount.
Hope it helps you.
With regards@
Tanisha
= ₹ 7,000×7×9/100×2
=₹2,205.
Simple Interest of Rohan
= ₹ 7,000×6×5/100
= ₹2,100.
Rahule will get more interest.
Amount of Rahule
= ₹(7,000+2,205)
= ₹9,305.
Amount of Rohan
= ₹(7,000+2,100)
= ₹9,100.
Hence, Rahule will get ₹9,305 as amount and Rohan will get ₹9,100 as amount.
Hope it helps you.
With regards@
Tanisha
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