1.

Jalela and Dalela have to clear their respective loans by paying 3 equal annual instalments of Rs. 30000 each . Jalela pays @ 10% per annum of simple interest while Dalela pays 10% per annum compound interest. What is the difference in their payments ?

Answer»

A). RS. 300
B). Rs. 425
C). Rs. 245
D). Rs. 333.33

Answer :A


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