What is the difference between simple interest on Rs. 5000 at 8% per annum for 7/2 is years and simple interest on Rs. 4000 at 7/2% per annum for 8 years is About the author Vivian
Answer: ₹1120 Step-by-step explanation: SP = P x R x T/100 ∴ 5000 x 8 x 7/100 x 2 = ₹5600 ∴ 4000 x 7 x 8/100 x 2 = ₹4480 5600 – 4480 = 1120. ∴ The difference is ₹1120. Reply
Answer:
₹1120
Step-by-step explanation:
SP = P x R x T/100
∴ 5000 x 8 x 7/100 x 2 = ₹5600
∴ 4000 x 7 x 8/100 x 2 = ₹4480
5600 – 4480 = 1120.
∴ The difference is ₹1120.