Rahim, Johny and Gopu deposited 10,000 rupees each, under different schemes, in a bank which gives 8% interest. Rahim gets simple interest, Johny gets interest compounded half-yearly and Gopu gets interest compounded quarterly. Compute the total amount each of them gets back after one year and compare these amounts.

Rahim, Johny and Gopu deposited 10,000 rupees each, under different sc

1.	Rahim, Johny and Gopu deposited 10,000 rupees each, under different schemes, in a bank which gives 8% interest. Rahim gets simple interest, Johny gets interest compounded half-yearly and Gopu gets interest compounded quarterly. Compute the total amount each of them gets back after one year and compare these amounts.
Answer» Rahim, Johny and Gopu deposited 10,000 rupees each, under different schemes, in a bank which gives 8% interest. Rahim gets simple interest, Johny gets interest compounded half-yearly and Gopu gets interest compounded quarterly. Compute the total amount each of them gets back after one year and compare these amounts.