Mathematics · Compound Interest
P borrowed ₹2500 at 10% rate of interest compounded annually for 3 years from bank A and Q borrowed ₹2000 at 8% rate of interest compounded annually for 2 years from bank B. Find the difference between the interest paid by P and Q.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹246.5
- 2₹324.4
- 3₹494.7✓
- 4₹502.6
Correct answer
₹494.7
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