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Question
Hariya and Babu want to buy a handcart for Rs 300.Hariya took a loan of Rs 300 from the bank. He paid back Rs 51 every month to the bank for 6 months. Babu took a loan of Rs 300 from Chunnilal. After six months he will pay back Rs 360. Who has to pay back more?
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Solution
Amount paid back by Hariya in every month = Rs 51
Money paid by Hariya for six months = 51 x 6 = Rs 306
Amount paid by Babu after 6 months = Rs 360
Hence Babu pays more money than Hariya.
Money paid by Hariya for six months = 51 x 6 = Rs 306
Amount paid by Babu after 6 months = Rs 360
Hence Babu pays more money than Hariya.
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