Rohit borrowed Rs. 40000 for 2 years at 10% per annum C.I. and Manish – InterviewSolution

1.	Rohit borrowed Rs. 40000 for 2 years at 10% per annum C.I. and Manish borrowed the same sum for the same time at 10.5% per annum simple interest . Which of these two gets less interest and by how much?
Answer» Rohit borrowed Rs. 40000 for 2 years at 10% per annum C.I. and Manish borrowed the same sum for the same time at 10.5% per annum simple interest . Which of these two gets less interest and by how much?

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