Interest earned by Ramesh on Rs.10,000 for 2 years at R% p.a. simple interest is how much more/less than interest earned by him on Rs. 8000 for 2 years at (R+10)% p.a. compounding annually. If Rs. 2000 is invested at 2R% p.a. simple interest for a year, then it would fetch an interest of Rs.400.
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Q:
Interest earned by Ramesh on Rs.10,000 for 2 years at R% p.a. simple interest is how much more/less than interest earned by him on Rs. 8000 for 2 years at (R+10)% p.a. compounding annually. If Rs. 2000 is invested at 2R% p.a. simple interest for a year, then it would fetch an interest of Rs.400.
- 1Rs.1220false
- 2Rs.1000false
- 3Rs. 1520true
- 4Rs. 930false
- 5Rs.1140false
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