Question

Nirmala and Kavitha took a loan of ₹500 from the bank for six months. Nirmala pays ₹98 for each month. Kavitha pays ₹600 totally at the end of six months. Who pays more?

• A. Nirmala
• B. Kavitha
• C. Bank
• D. Both pays the same

Answer 1

The correct option is B Kavitha

Nirmala and Kavitha took loan of ₹500.
Nirmala pays ₹98 for six month.
$\Rightarrow 98\times 6=588$
So, Nirmala pays ₹588 and Kavitha pays ₹600 at once.
As, ₹600 > ₹588, Kavitha pays more.