Ram and Dipti each invested a sum of ₹8000 for a

Solution

When the rate of interest is compounded eight months of Dipti = (30 × 8/12) % =20% Time for Dipti = (2 × 12/8) = 3 years Now, CI for Ram is   A = P (1 + r/100) ^t =8000(1+30/100)²   (8000 × 13/10 × 13/10) = (80 × 169) = 13,520 Interest = A – P = (13,520 – 8000) Rs. = 5520 Rs. Now, CI for Dipti is.   A = P (1 + r/100) ^t   A = 8000(1 + 20/100)³ = 8000(1 + 1/5)³ = 8000(6/5)³ = 13,824 Interest = A – P = (13,824 – 8000) =5824 Rs. Now, Dipti receives as interest compared to Ram at the end of the two-year period = Rs. (5824 – 5520) = 304 Rs.