Question

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?​

Answer 1

Answer:

68

Step-by-step explanation:

Answer 2

Step-by-step explanation:

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%

SI =5000×8×7/2 /100

=140

Amount = Principal + Interest = 5000 + 140 = Rs.5140

Case 2 )

Principal = Rs.5000

Time = 4 years

Rate of interest = 6 %

SI = 5000×4×6/100

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