1.

"A” and "B” have to clear their respective loans by paying 3 equal annual installments of Rs.4,00,000 each. "A” pays at 10% per annum of simple interest while "B” pays 10% per annum compound interest. What is the difference in their payments?

Answer»

"A” and "B” have to clear their respective loans by paying 3 equal annual installments of Rs.4,00,000 each. "A” pays at 10% per annum of simple interest while "B” pays 10% per annum compound interest. What is the difference in their payments?




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