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1. |
A and B each borrowed equal sums for 3 years at a rate of 5% simple and compounded interest compounded annually, respectively. At the time of payment, B had to pay Rs. 427 more than A. The sum borrowed and the interest paid by B (in Rs.) were: |
A. | Rs. 56,000; Rs. 8,400 |
B. | Rs. 48,000; Rs. 7,200 |
C. | Rs. 48,000; Rs. 7,566 |
D. | Rs. 56,000; Rs. 8,827 |
Answer» E. | |