Raja and ravi each deposited ₹1500 …

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Raja and ravi each deposited ₹1500 in Union Bank. Raja received interest at a rate of 15%per annum, compounded annually and ravi received interest at a rate of 16%per annum, compound half yearly. Find the difference in the interest received by ravi and raja at the end of one year

Posted by S. Lakshitha Lakshitha 2 years, 10 months ago

CBSE > Class 08 > Mathematics

2 answers

E. Anisha 2 years, 10 months ago

I don't know whether its correct😅

0Thank You

E. Anisha 2 years, 10 months ago

Raja deposited ₹1500 P=₹1500 R=15% T=1 year A=P(1+R÷100)n 1500(1+15/100) 1 1500×23/20 75×23 1725 CI=A-P 1725-1500 225 Ravi deposited ₹1500 P=₹1500 R=15% 15÷2=7.5 T=1 =1×2=2 A=P(1+R/100) n 1500(1+7.5/100) 2 1500×4.3/4×4.3/4 93.75×4.3×4.3 1733.4375 CI=A-P 1733.4375-1500 233.4375 The difference between the interest received by ravi and raha is:- 233.4375-225 8.4375

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