Question

1. Rajesh borrows Rs 25000 at 12% for annem
for yours at simple interest and Radhe
borrow the same amount for the same
period at per annum compounded
annually who hays more interest boy how
how much​

Answer 1

Answer:

Rajesh's after 1 year = 28,000

Radhe's after 1 year =28,000

Step-by-step explanation:

Rajesh's after 2 years = 31000

Radhe's after 2 years =31,360

.

If the time is 1 year it will be same

If the time is 2 years, the amount will be

31000 at simple interest

31360 at compound interest.

It differs ₹360 higher at compound interest.