P invested Rs 8000 for 2 years at the rate of 8% simple interest per annum and Q invested the same amount for the same time at the rate of 10% annual compound interest then calculate,I) interest received by PII) interest received by QIII) Without altering time and rate of interest,how much more or less money should P have to invest for equal interests?
P invested Rs 8000 for 2 years at the rate of 8% simple interest per annum and Q invested the same amount for the same time at the rate of 10% annual compound interest then calculate,
I) interest received by P
II) interest received by Q
III) Without altering time and rate of interest,how much more or less money should P have to invest for equal interests?