Equal sums of 5600 were lent to Kasim and Raja at 12.5% per annum for a period of 2.5
years and 4.5 years respectively. Find the difference of interest paid by Kasim and Raja.
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Answer:
principle=5600
Rate of interest=12.5
kasim's Number of year=2.5
Raja's Number of year=4.5
kasim's simple interest=5600(12.5)(2.5)/100=1750
Raja's simple interest=5600(12.5)(4.5)/100=3150
Difference of interest paid by kasim and raja =3150-1750
=1400
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