Question

Sanjana invested 5,500 for 3 years at 4% p.a. compounded annually. Nishu invested the same amount for the
same time period at the same rate of interest but on simple interest. Who earned more interest and by how
much?​

Answer 1

Answer:

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compound interest of sanjana - A = P× ( 1+ R/100-1)

5500 × (1 + 4/100-1)

5500 × 25/26 -1 , please solve this by own

Simple interest of Nishu = 5500×3×4/100

660 is the simple interest

then solve upper solution and then find difference between this

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Answer 2

Answer:

compound interest of sanjana A = Px ( 1+ R/100-1)

5500 x (1+ 4/100-1)

5500 x 25/26-1, please solve

this by own

Simple interest of Nishu = 5500*3x4/100

660 is the simple interest