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Standard VII

Mathematics

Simple Interest

Find the diff...

Question

Find the difference between the simple interest earned on an amount of Rs. 32000 at the rate of 10% per annum for 3 years and the simple interest earned on an amount of Rs. 48000 at the rate of 5% per annum for 4 years.

Rs. 16

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Rs. 8

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Rs. 6

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Rs. 0

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Rs. 12

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Solution

The correct option is D Rs. 0
Simple interest earned on Rs. 32000 = 32000 × 10% × 3 = Rs. 9600
Simple interest earned on Rs. 48000 = 48000 × 5% × 4 = Rs. 9600

Required difference = 0

Hence, option D is correct.

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Find the difference between the simple interest earned on an amount of Rs. 32000 at the rate of 10% per annum for 3 years and the simple interest earned on an amount of Rs. 48000 at the rate of 5% per annum for 4 years.

The correct option is D Rs. 0Simple interest earned on Rs. 32000 = 32000 × 10% × 3 = Rs. 9600 Simple interest earned on Rs. 48000 = 48000 × 5% × 4 = Rs. 9600 Required difference = 0 Hence, option D is correct.

The correct option is D Rs. 0
Simple interest earned on Rs. 32000 = 32000 × 10% × 3 = Rs. 9600
Simple interest earned on Rs. 48000 = 48000 × 5% × 4 = Rs. 9600

Required difference = 0

Hence, option D is correct.