Question

8. Karan and Karim borrowed equal sum of 7500 from a friend at a rate of 11% per annum. If Karanreturns the amount after 3/2 years and Karim returns the amount in 4.5 years, find the difference in the amounts paid by them.​

Answer 1

Answer:

The difference in the amounts paid by them,

= 7500*11*(4.5-1.5)/100

= 2475