Question

Who gets more interest after 5 years. a. Vimala who deposited ` 20000 in a bank at 11% rate per annum. b. Kamal who deposited ` 25000 in another bank at 10% rate per annum.

Answer 1

Answer:

a) Vimala =

p= 20000 r= 11% t =5

s. I. = p*r*t/100

= 20000*11*5/100

= 200*55 => 11000 rs

b) kamal =

p= 25000. r= 10% t= 5

s. I. =p*r*t/100

= 25000*10*5/100

= 250*50 => 12500 rs

so, (b) Kamal gets more interest

I hope it will help you.