Question

59.Shruti borrows Rs 12000 at 10% per annum for 3 years at simple interest and Shalini borrows the same

amount for the same period at 8% per annum compounded annually. Who pays more interest and by how

much?​

Answer 1

shruti

Step-by-step explanation:

shruti pays more intrest. For shruti 1200 intrest and for Shalini 960. Shruti pay 240 more than Shalini