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Rohit borrowed Rs. 40,000 for 2 years at...

Rohit borrowed Rs. 40,000 for 2 years at 10% per annum C.I. and Manish borrowed the same sum for the same time at 10.5% per annum simple interest. Which of these two gives less interest and by how much ?

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The correct Answer is:
Both get equal interests
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ICSE-INTEREST (SIMPLE AND COMPOUND)-EXERCISE 9(C)
  1. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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  2. A person invests Rs. 5,000 for two years at a certain rate of interest...

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  3. Calculate the difference between the compound interest and the simple ...

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  4. Calculate the difference between the compound interest and the simple ...

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  5. Rohit borrowed Rs. 40,000 for 2 years at 10% per annum C.I. and Manish...

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  6. Mr. Sharma lends Rs. 24,000 at 13% p.a. simple interest and an equal s...

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  7. Peter borrows Rs. 12,000 for 2 years at 10% p.a. compound interest. He...

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  8. Peter borrows Rs. 12,000 for 2 years at 10% p.a. compound interest. He...

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  9. Peter borrows Rs. 12,000 for 2 years at 10% p.a. compound interest. He...

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  10. Peter borrows Rs. 12,000 for 2 years at 10% p.a. compound interest. He...

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  11. Gautam takes a loan of Rs. 16,000 for 2 years at 15% p.a. compound int...

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  12. A certain sum of money, invested for 5 years at 8% p.a. simple interes...

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  13. Find the amount and C.I. on Rs. 12,000 in one year at 10% per annum co...

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  14. Find the amount and the C.I. on Rs. 8,000 in 1""1/2 years at 20% per y...

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  15. Find the amount and the compound interest on Rs. 24,000 for 2 years at...

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  16. Find the amount and the compound interest on Rs. 16,000 for 3 years at...

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  17. Find the amount and the compound interest on Rs. 20,000 for 1""1/2 yea...

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  18. Find the amount and the compound interest on Rs. 32,000 for 1 year at ...

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  19. Find the amount and the compound interest on Rs. 4,000 in 2 years, if ...

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  20. Find the amount and the compound interest on Rs. 10,000 in 3 years, if...

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