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Note: Some variables are missing, you have to find the missing values on the basis of given information. Calculate simple interest unless specified. All questions are independent from others.If the interest received by Anita is 20% of the sum invested by her then find how much more money as interest she would have earned if she had invested the money in compound interest?1). Rs. 6002). Rs. 1303). Rs. 2004). Rs. 1500

Answer»

Interest received by ANITA = 20 × 60000/100 = Rs. 12000 

⇒ Rate = 12000 × 100/(2 × 60000) = 10

⇒ Interest for 1st year = 60000 × 10 × 1/100 = Rs. 6000 

⇒ Principal for 2nd year = 60000 + 6000 = Rs. 66000 

⇒ Interest for second year = 66000 × 10 × 1/100 = Rs. 6600 

TOTAL interest received by Anita = 6600 + 6000 = Rs. 12600 

∴ Anita will receive (12600 - 12000) = Rs. 600 more interest.



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