Question

Rohit lent out Rs 14700 in simple interest and the same amount on compound interest for 2 year at 16 2\ 3 per annum find the difference of the interest received by rohit after 2 years
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Answer 1

Answer:

408.3

Step-by-step explanation:

s.i= 14700*2*50/100*3

=4900

c.i -

amount=14700(1+50/300)^2

=60025/3 = 20008.33....

therefore c.i= amount -principal

=20008.3.. - 14700

= 5308.33..

difference received at the end of 2yrs =5308.3..- 4900

=408.3..