A and B borrowed Rs. 60000 and Rs. 50,000 respectively for a period of 3 years. A paid simple interest at a rate of 10% per annum while B paid compound interest at the rate of 10% per annum compounded annually. Who paid more and by how much?

A and B borrowed Rs. 60000 and Rs. 50,000 respectively for a period o

1.	A and B borrowed Rs. 60000 and Rs. 50,000 respectively for a period of 3 years. A paid simple interest at a rate of 10% per annum while B paid compound interest at the rate of 10% per annum compounded annually. Who paid more and by how much?
Answer» A and B borrowed Rs. 60000 and Rs. 50,000 respectively for a period of 3 years. A paid simple interest at a rate of $10 %$ per annum while B paid compound interest at the rate of $10 %$ per annum compounded annually. Who paid more and by how much?