12. Bharathi borrows an amount of 12500 at 12% per annum for 3 years at a simple interest
and Madhuri borrows the same amount for the same time period at 10% per annum,
compounded annually. Who pays more interest and by how much?
And please please please mark as brainliest
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Answer:
bharathi by 750
Step-by-step explanation:
Bharathi
p×t×r/100
12500×3×12/100
=4500
Madhuri
12500×3×10/100
3750
Bharathi pays more interest by 750
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