Question

Rajni and Mohini deposited Rs 3,000 and Rs 4,000 in a company at the rate of 10% per annunm for 3 years and 2 years respectively. The difference of the amount is received by them will be ?​

Answer 1

Answer:

For Rajni,

Principal=Rs.3000

Time=3years

Rate=10%p.a.

Interest=

100

P×R×T

=3000×

100

10

×3

⇒Rs.900

Amount=3000+900=Rs.3900

For Mohini,

Principal=Rs.4000,

Time=

2

5

years

Rate=10%p.a.

Interest=

100

P×R×T

=4000×

100×2

10

×5

⇒Rs.1000

Amount=4000+1000=Rs.5000

Difference in amounts =5000−3900=Rs.1100