Mathematics
Rohit borrowed ₹ 40,000 for 2 years at 10% per annum C.I. and Manish borrowed the same sum for the same time at 10.5% per annum simple interest. Which of these two gives less interest and by how much?
Related Questions
Calculate the difference between the compound interest and the simple interest on ₹ 7,500 in two years and at 8% per annum.
Calculate the difference between the compound interest and the simple interest on ₹ 8,000 in three years at 10% per annum.
Mr. Sharma lends ₹ 24,000 at 13% p.a. simple interest and an equal sum at 12% p.a. compound interest. Find the total interest earned by Mr. Sharma in 2 years.
Peter borrows ₹ 12,000 for 2 years at 10% p.a. compound interest. He repays ₹ 8,000 at the end of first year. Find:
(i) the amount at the end of first year, before making the repayment.
(ii) the amount at the end of first year, after making the repayment.
(iii) the principal for the second year.
(iv) the amount to be paid at the end of the second year to clear the account.