Question

Abdul borrows 12500 at 12% per annum for 3 year at simple interest and mahesh at Mahesh borrows the same sum for the same time at 10% per annum compounded annually who pay more interest and by how much

Answer 1

Answer:

ABDUL INTEREST

p=12500,r=12%,t=3 years s.I=(12500*12*3)/100=4500 MAHESH INTEREST P=12500,R=10%,T=3 years C.I=P[(1+R/100)^N-1] 12500[(1+10/100)^3-1]=

12500[(110/100)^3-1]=12500[(1331000/1000000)-1]=12500*(331000/1000000)=4137.5 HENCE,ABDUL PAY MORE INTEREST BY RS 362.5 plz mark it as brainliest