Asu borrows rs 12500 at 12% for 3years on simple interest. Ramu borrows same amount on 10% for same time period compounded annualy. Who pays more and howmuch?
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Asu
p= 12500
r= 12%
t=3yrs
s.I= p × r×t/100
= 12500×12×3/100= $4,500
Ramu
p=12500
r=10%
t= 3 yrs
s.I= p× r×t/100
= 3750
asu gave more than asu by $750
plz mark as brainlist
p= 12500
r= 12%
t=3yrs
s.I= p × r×t/100
= 12500×12×3/100= $4,500
Ramu
p=12500
r=10%
t= 3 yrs
s.I= p× r×t/100
= 3750
asu gave more than asu by $750
plz mark as brainlist
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