Question

b) Avi and Bani took a loan of the same amount at 7% per annum for 1 year. Avi
borrowed at simple interest, and Bani borrowed at compound interest. Who pays
more interest after one year?
() Avi
(1) Bani
() Both earn the same interest
(iv) Cannot be determined since the amount is not given​

Answer 1

Answer:

Both will earn the same interests

Step-by-step explanation:

Because the simple and compound interest for the first year is same pls mark as brainliest

Answer 2

Constituting principal as ₹2.we get that option iii is correct. Both earn the same interest