Question

Rohn deposit rupees 5000 at 8% per annum for 7/2 years and sunil deposits ruppees 5000 at6% per annum for four years who will get more interest? What amount will each get?

Answer 1

for simple interest
rohn
si=(5000*0.08*3.5)
=1400
sunil
si = (5000*0.06*4)=
=1200
rohn will get more interest