Find the difference of the interest paid by Gaurav and Sourav a) Gaurav taken 15,000 for 3 years at the rate of 12.5%. b) Sourav taken 20,000 for 4 years at the rate of 11.5%.
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Find the difference of the interest paid by Gaurav and Sourav a) Gaurav taken 15,000 for 3 years at the rate of 12.5%. b)
Answer:
Answer:p= Rs. 15000; R=10% p.a =5% per half-year; T=1 year =2 half-years. ∴ Amount =[15000×(1+ 1005 ) 2 ]= Rs. (15000× 2021 × 2021 ) ...
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Verified answer
Given:
Sourav's :-
Gourav's :-
To Find:
The difference of the interest paid by Gaurav and Sourav.
Formulae:
⭐ [tex] \red{\boxed{\rm{S.I. = \frac{P×R×T}{100}}}} [/tex] ⭐
Solution:
Simple interest of Sourav:
[tex] → \frac{15000 \times 3 \times 12.5}{100} [/tex]
[tex] → ₹5,625[/tex]
Simple interest of Gourav:
[tex] → \frac{20000 \times 4 \times 11.5}{100} [/tex]
[tex]→ ₹9,200[/tex]
Difference in the interest = ₹(9,200 - 5,625)
Hence, the difference is of ₹3,575!!