Question:
A borrowed Rs 10000 each from his friends B and C for 2 years. He was supposed to pay compound interest at 10% per annum to B and simple interest 11% per annum to C. Who charged more interest at the end of 2 years and how much more ?
A borrowed Rs 10000 each from his friends B and C for 2 years. He was supposed to pay compound interest at 10% per annum to B and simple interest 11% per annum to C. Who charged more interest at the end of 2 years and how much more ?
Updated On: Jun 13, 2024
- B, Rs 20 more
- B, Rs 80 more
- C, Rs 100 more
- C, Rs 120 more
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The Correct Option is C
Solution and Explanation
The correct option is (C) :C, Rs 100 more.
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