Mathematics · Interest
Two persons A and B each borrowed equal sums for 3 years at the rate of 5% per annum simple interest and compound interest respectively. At the time of repayment, B has to pay Rs. 76.25 more than A. What is the simple interest (in Rs.) paid by A?
- 11920
- 21500✓
- 31750
- 42000
Correct answer
1500
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