Question

12. Abhishree borrowed 4,00,000 at 10%
for 3 years for compound interest and
Aparna borrowed same amount on same
conditions for simple interest. Who has
to pay more interest? How much ?​

Answer 1

Answer:

PLEASE MARK AS THE BRAINLIEST ANSWER.

Step-by-step explanation:

Simple Interest I=100PNR

Here for first year,

P=Rs40,000

N=1year

R=10 %

So, Interest at the end of 1st year I=10040,000×1×10=Rs4,000

And for second year,

P=Rs40,000+Rs4,000=Rs44,000

N=1year

R=10 %

I=10044,000×1×10=Rs4,400

Answer 2

Answer:

Abhishree has to pay more interest in the case of simple interest. She has to pay 12400 more interest