Question

Aman borrows rs 14500 at 11% per annum for 3 years at simple interest and Tarun borrows the same amount at 10% per annum for the same time compounded annually.who pays more interest and by how much?

Answer 1

Hope it helps .

Aman borrows rs 14500 at 11% per annum for 3 years at simple interest and Tarun borrows the same amount at 10% per annum for the same time compounded annually.who pays more interest and by how much?

Bwlow is the answer