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

Answer:

wat?

Step-by-step explanation:

Answer 2

Step-by-step explanation:

1) Bharathi borrows an amount of 12500 at 12% annum for 3 year , and the same amount borrows madhuri for same time at 10 % .

: ) interested amount of bharathi =

/

$\\ \frac{i + p + s}{100} =$

$\frac{12}{100} \times 12500 = 1500rs$

Bharathis total amount to paid = 12500+1500= 14000rs

:) interested amount of madhuri-

$\frac{10}{100} \times 12500 = 1250$

madhuris total amount to paid = 12500+1250= 13750rs

Bharathi paid more interest than madhuri by 250rs.