Rohan deposited Rs 5000 at 8% per annum for 3½ years and sunil deposited Rs 5000 at 6% per annum for 4 years . who will get more interest ? what amount will each get?
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Rohan
5000×7×8/2×100=1400
Sunil
5000×6×4/100
1200
Rohan gets more interest than Sunil
Answered by
1
Answer:
Rohan will get more interest and Rohan will get Rs.5140 and Sunil will get Rs.5120
Step-by-step explanation:
Case 1 )
Principal = Rs.5000
Time = 7/2 years
Rate of interest = 8%
Amount = Principal + Interest = 5000 + 140 = Rs.5140
Case 2 )
Principal = Rs.5000
Time = 4 years
Rate of interest = 6 %
Amount = Principal + Interest = 5000 + 120 = Rs.5120
So, Rohan will get more interest and Rohan will get Rs.5140 and Sunil will get Rs.5120
Step-by-step explanation:
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