Question
Ragini borrowed ₹21,600 at a simple interest rate of 18% per annum, while Misthi borrowed ₹51,200 at an annual compound interest rate of 12.5%. Currently, Ragini is 14 years old, and Misthi is 16 years old. Calculate the difference in the total interest paid by Ragini and Misthi by the time they both turn 18.
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