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Jalela and Dalela have to clear their re...

Jalela and Dalela have to clear their respective loans by paying 3 equal annual instalments of Rs. 30000 each . Jalela pays @ 10% per annum of simple interest while Dalela pays 10% per annum compound interest. What is the difference in their payments ?

A

(A) ₹ 300

B

(B) ₹ 425

C

(C) ₹ 245

D

(D) ₹ 333.33

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The correct Answer is:
A
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