Question

Avinash plans to take a loan at 9% per annum for 1 year.
He has two plans.
Plan A: borrow at simple interest.
Plan B:borrow at compound interest. Which plan is better?
(1)plan A
(2)plan B
(3)same interest has to be paid on both plans
(4)cannot be determined since the amount is not given

Answer 1

Answer:

plan a is better

Explanation:

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