Question

What will be the difference between the simple interest on a principal of rs? 500 is calculated at 5% per year for 3 years and 4% per year for 4 years?

Answer 1

Answer:

S.I at 5% for 3 yrs =PRT/100

=500×5×3/100

=75

S.I at 4% for 4 yrs = 500×4×4/100

=40

difference =75-40=35