Question

aman borrowed rs 145000 at 11 percent per annum for three year at simple interest and tarun barot the same amount at 10% per annum for the same time compounded annually.who pay more interest and by how much

Answer 1

sorry by mistake.










really really sorry






hope it helps!!!!

Answer 2

Simple Interest will be 33% of 145000

Which is 47850

Compound interest will be 33.1% of 145000 which is 47995