Question

Amit borrows 25,000 at 15% per annum for three years at simple interest and Sumit borrows the same amount for the same time period at 10 % per annum, compounded annually. Who pays more interest and by how much?
pls answer fast i need it

Answer 1

Answer:

Amit pays more interest by 5%

Answer 2

the answer is 1125

Step-by-step explanation:

1. 25000x15x3÷100=1125