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A man deposited Rs. 6000 in a bank at 5% simple interest. Another man deposited Rs. 5000 at 8% compound interest. After 2 years, the difference of their interest will be, (a). Rs.230 (b). Rs.232 (c ). Rs.600 (d). Rs.832

A man deposited Rs. 6000 in a bank at 5% simple interest. Another man deposited Rs. 5000 at 8% compound interest. After 2 years, the difference of their interest will be,
(a). Rs.230
(b). Rs.232
(c ). Rs.600
(d). Rs.832

Grade:12th pass

1 Answers

Pawan Prajapati
askIITians Faculty 60796 Points
2 months ago
Our expert is working on this Class VIII Maths answer. We will update the answer very soon.

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