Question

Rohan deposited Rs 5000 at 8% per annum for 7/2 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

Rohan
5000×7×8/2×100=1400
Sunil
5000×6×4/100
1200
Rohan gets more interest than Sunil

Answer 2

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%  

$SI = \frac{ P \times R \times T}{100}$

$SI = \frac{500 \times 8 \times \frac{7}{2}}{100}$

$SI = 140$

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

Case 2 )

Principal = Rs.5000

Time = 4  years  

Rate of interest = 6 %  

$SI = \frac{ P \times R \times T}{100}$

$SI = 120$

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