Rohit deposited rs.4000 at 10% for 4 and the half year, sumit deposited rs.4000 at 11%pa for 4 years who will get more interest. What amount will each get?
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Answered by
0
Answer:
we know that,
A=P(1+
100
R
)
n
Putting the values in this formula we will get the amount
Principal is 8000
time is 3 years
rate is 3%
so,
=8000(1+
100
5
)
3
=8000×(1.05)
3
=8000×1.1576=9261
After 3 years he will get Rs9261
Answered by
0
first we have to find the Rohit answer and then sumit.
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