Question

36. I borrowed 15000 from Virat at 5% per annum simple interest for 2 years.
Had I borrowed this sum at 5% per annum compound interest for same time
period then what extra amount would I have to pay ?​

Answer 1

Answer:

S. I =5%+5%=10%

C. I=5+5+5*5/100=10.25%

difference between C. I and S. I =0.25%

So, 15000*0.25/100=37.5

Step-by-step explanation:

I hope your doubt is clear.