Question

Vivek borrowed 9000 for 3 years at the rate of 5% pa, while Manoj borrowed 8500 for 3 years at rate of 6% p.a. At the end of three years, who paid more interest and by how much?​

Answer 1

Answer:

Manoj paid more interest by 400

hope it helps u !!

Answer 2

Answer:

=Rs(4000+I^1 +I ^2)=Rs5450

⟹4000+210R+80R=5450

⟹29R=1450

⟹R=5p.c.p.a.

So the rate of interest=5% p.a.