Question

Arvind borrows a sum of ₹2,50,000 at 6% p.a. simple interest for 3 years. On the same day, Asif borrows the same sum on the samerate of interest but compounded annually for 3 years. Find the interest paid by each. Who pays more interest and by how much?​

Answer 1

Answer:

Step-by-step explanation:

Adam borrowed some money at the rate of 6% p.a. for the first two years, at the rate of 9% p.a. for the next three years, and at ... If he pays a total interest of Rs. 11,400 at the end of nine years, how much ... than the simple interest on the same sum for 31⁄2 years at 10% per annum.