Question

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?​

Answer 1

Answer:

bharti pays interest in three years =4500rs

madhuri pays =3750

bharti pays more