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Question

Akhil and Vimal took a loan of ₹800 from the bank for five months. Akhil pays ₹180 for each month. Vimal pays ₹1000 totally at the end of five months. Who pays less?
  1. Akhil
  2. Vimal
  3. Bank
  4. Both pays the same


Solution

The correct option is A Akhil
Akhil and Vimal took loan of ₹500.
Akhil pays ₹180 for five month.
180×5=900
So, Akhil pays ₹900 and Vimal pays ₹1000 at once. 

As, ₹900 < ₹1000, Akhil pays less.

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