P and Q borrowed Rs 600 each for a period of 3 years. P paid simple in – InterviewSolution

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1.	P and Q borrowed Rs 600 each for a period of 3 years. P paid simple interest at 25% per annum, interest being compounded annually. Who paid more interest and by how much?
Answer» <P> Solution :P paid an additional amount of INTEREST of Rs 13.20 than Q

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