Question

Bharathi borrows an amount of ₹12500 at 12% per annum for 3 years at a simple interest and Madhuri borrows the same amount for the same time period at 10% per annum,compounded annually .who pays more interest and by how much

Answer 1

Step-by-step explanation:

amountborrowed by bharathi=12500at 12percentper annum for 3 years

then money paid by her

=12500×(12×3)/100

=12500×36/100

=4500

and

madhuri pays

16637.5

Answer 2

Answer:

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