Question

(2) Shankarlal took a loan of 6000 from a bank to make a shop.
He will deposit 1060 each month in the bank up to six months
and Rajnibhai took a loan of 6000 from a money-lending firm
and returned 6600 after six months. Who has to pay more
money? How much ?​

Answer 1

Step-by-step explanation:

shankarlal pays bank 1060 x 6 months = 6360

rajnibhai pays money lender 6600

rajnibhai has to pay more and by ( 6600 - 6360 ) = 240