Question

Sam and John deposited ₹ 20000 in different banks. Sam deposited the amount of for 5 years at 5% rate of interest while John deposited it for 3 years at 10% rate of interest. Who earned more money? Why?​

Answer 1

Answer:

John earned more money.

Step-by-step explanation:

Sam

Simple interest = $\frac{p \times r \times t}{100}$

= $\frac{20000 \times 5 \times 5}{100}$

= Rs 5000

John

Simple Interest = $\frac{p \times r \times r}{100}$

= $\frac{20000 \times 10 \times 3}{100}$

= Rs 6000

∴ John earned more money

Answer 2

Answer:

hope my attachment answer is help you