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

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​

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1 thought on “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”

  1. 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.

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