Question

Roshni lent Rs 7200 at the rate of 6% per annum for 6 years and Rinki lent Rs 8500 at the rate of 5% per annum for 4 years. Who earned more interest and by how much

Answer 1

Roshni. = Rs. 7200
Rate. = 6%
Time. = 6 years
S.I. = 7200*6*6/100
= 72*6*6
= 432*6
= Rs. 2592

Rinki. = Rs. 8500
Rate. = 5%
Time. = 4 years
S.I. = 8500*5*4/100
= 85*5*4
= Rs. 765

Roshni earned more interest by Rs. 1827