Rs.4000 were lent each to Ravi & Kiran at 15% per annum for 3/2 years and 5 yea
resp. Find the difference in the interest paid by them.
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Answer:
Principal = 4000
Rate of interest = 15%
Times = 5 or 3/2
S.l = P×R×T/100
= 4000×15×3/100×2=3600
= 4000×15×5/100= 3000
= 3600-3000
= 600
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