railway RRB NTPC Mock Test Series 2024-25 (CBT 1 + CBT 2) Quantitative Aptitude Interest Simple and Compound Both
Kumud borrowed some amount at simple interest of 10% per annum for 1\(\frac{1}{2}\) year. Sneha borrowed the same amount at the same rate on compound interest (compounded semiannually) for the same period. If Sneha paid Rs. 61 more than Kumud as interest, then how much money did each of them borrow?
1
Rs. \(\frac{61}{80}\)
2
Rs. \(\frac{1261}{80}\)
3
Rs. 8,000
4
Rs. 4,000