Question

Jagadish sells a car for 2,50,000 and deposits the
amount in a bank at 8.25% p.a. On the same day, he
buys a motorcycle for 46,000 which was paid for
by an autofinance company at 11% p.a. At the end of
3 years, how much more interest has Jagadish earned
than paid?​

Answer 1

Answer:

he earned 6 to 7 percent interest