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 same rate of interest but compounded annually for 3 years.
Answers
Answered by
1
Step-by-step explanation:
Let A
c
→ Amount after compound interest
A
s
→ Amount after simple interest
Now, P=20000,R=12%,t=2
−A
s
+A
c
=−P(1+
100
Rt
)+P(1+
100
R
)
t
=−20000(1+
100
12×2
)+20000(1+
100
12
)
2
=−24800−25088
=Rs.288
Answered by
0
Answer:
it's true
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