Question

what is the difference between the simple interest on a principal of rs 500 being calculated at 5% per annum for 3 years and 4% per annum for 4 years 1 10 2 5 3 20 4 40

Answer 1

Step-by-step explanation:

1st case. p=500,r=5,t=3.

i=ptr/100

i=500*3*5/100

i=75

interest in first case is 100.

second case.

t=4,r=4.

i=ptr/100

i=500*4*4/100

i=80

difference between 1st and second cases is 5.

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