Rahul Borrows 15000 at 11% per annum for 3 years at simple interest and Ramu borrows the same amount for
same time period at 10% per annum compounded annually. Who pays more interest and by how much?
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rahul has to pay 15,495 rupees
ramu has to pay 15,450rupees
rahul has paid more 15495 -15450=45 rupee
rahul has paid 45 rupees more than ramu.
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