Question

Ramesh and Suresh both wanted to lend some money to make some profit. Ramesh has Rs. 5000 and Suresh has Rs 4000 .the term interest was 3 years. set the interest for both of them so that Suresh makes more profit than ramesh

Answer 1

Answer:

Step-by-step explanation:

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Answer 2

Given:

Ramesh has Rs. 5000 and Suresh has Rs 4000 .the term interest was 3 years.

Both wanted to lend some money to make some profit.

To Find:

The interest for both of them so that Suresh makes more profit than ramesh.

Solution:

Let a be the rate of interest for Suresh and b be the rate of interest for Ramesh.

Lets take Simple interest.

• A = P ( 1 + rt )
• A = final amount
• P = Principal amount
• r = rate of interest
• t = time in years

Therefore ,

• Profit = A - P = Prt

For Suresh to have more profit than Ramesh,

• Profit ( Suresh) > Profit ( Ramesh )
• 4000 x a x 3 > 5000 x b x 3
• a > 5b/4

Let interest rate of Ramesh be 8% .

Then rate of interest of Suresh should be,

• a > 5 x 8/4
• a > 10%

The interest rate for Suresh shoudd be 12% and Ramesh can be 8%.