Question

Rohan deposited rupees 5000 at 8% per Annum three one by two years and Sunil deposited rupees 5000 at 6% per annum for 4 years who will get more interest what amount will each get​

Answer 1

Answer:

Rohan: Rs.1400         Sunil:Rs. 1200           Difference of Interest=Rs.200

Step-by-step explanation:

Rohan: Money deposited=Rs.5000

Interest Rate=8% p.a.

Time=3$\frac{1}{2}$ years=$\frac{7}{2}$ years

Now, finding simple interest,

S.I.=$\frac{P*R*T}{100}$=$\frac{5000*8*7}{100*2}$=50*4*7=Rs.1400

Sunil: Money deposited=Rs.5000

Interest Rate=6% p.a.

Time=4 years

Now, finding simple interest,

S.I.=$\frac{P*R*T}{100}$=$\frac{5000*6*4}{100}$=50*6*4=Rs.1200

∴Rohan gets more interest amount than Sunil by Rs.200