Question

Suyash deposited Rs 21400 at the rate of 12% for a period of 16 months and RS 16800 at the rate of 13.5 % for a periof of 21 months. which will give him more interest and how much ?​

Answer 1

Answer:

Step-by-step explanation:

Case 1:

Interest=p x r x t/100

=21400 x 12x 16/100

=₹41,088.

Case 2:

Interest=p x r x t/100

=16800 x13.5 x 21/100

=₹47,628.

Difference:

47,628-41,088=₹6,600.

Hence Case 2 gives more interest and the increase in interest would be ₹6,600.

Answer 2

Answer:

Rs 6,600

Step-by-step explanation:

First find the Intereat of both Case 1 and Case 2 and then make the Difference of both Case 1 and case 2 answers. You will get the answer as Rs 6,600