Karan and shashank borrowed 6000 each at the rate of $12 %$ per annum for a period of $2$ years and $3$ years respectively.Find the difference of interest paid by them.

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Solution

Interest paid by :
Karan $\to 2 \times \frac{12}{100} \times 6000 = 1440$
Shashank $\to 3 \times \frac{12}{100} \times 6000 = 2160$

Difference of interest paid by them $= 2160 - 1440 = 720$

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Karan and shashank borrowed 6000 each at the rate of 12% per annum for a period of 2 years and 3 years respectively.Find the difference of interest paid by them.

Interest paid by :Karan →2×12100×6000=1440Shashank →3×12100×6000=2160Difference of interest paid by them =2160−1440=720

Karan and shashank borrowed 6000 each at the rate of $12 %$ per annum for a period of $2$ years and $3$ years respectively.Find the difference of interest paid by them.

Interest paid by :
Karan $\to 2 \times \frac{12}{100} \times 6000 = 1440$
Shashank $\to 3 \times \frac{12}{100} \times 6000 = 2160$

Difference of interest paid by them $= 2160 - 1440 = 720$