A deposited Rs. 6000 in a bank at 5 % per annum simple interest. B deposited Rs. 5000 at 8 % p.a. co

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6.Interest

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$A$ deposited $Rs. 6000$ in a bank at $5 \%$ per annum simple interest. $B$ deposited $Rs. 5000$ at $8 \%$ $p.a.$ compound interest. After $2$ years, the difference between their interests (In $Rs.$) will be

A

$230$

B

$232$

C

$600$

D

$832$

Solution

$A ^{\prime} s SI =\frac{6000 \times 5 \times 2}{100}=600$

$B ^{\prime} s$ Amount $=5000\left[1+\frac{8}{100}\right]^{2}=5000\left[\frac{27}{25}\right]^{2}= Rs .5832$

$C I=A-P=5832-5000=832$

Difference between their interest $=832-600=$ Rs. 232

Standard 13

Quantitative Aptitude

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