Q78 of 140 Page 196

Rs 6400 were lent to Feroz and Rashmi at 15% per annum for and 5 years respectively. The difference in the interest paid by them is Rs 150.

False


Given, Feroz borrowed 6400 for yr at 15%


⇒ I1 =


=


= 3360


Rashmi borrowed 6400 for 5yr at 15%


I2 =


= 4800


∴ Difference between interests = 4800-3360 = 1440


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