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:

answer is above

Step-by-step explanation:

Mark me brainleist plssss

Answer 2

Answer:

Step-by-step explanation:

Principal = p = Rs. 12500

Rate of interest = r = 12%  

Time period = t = 3 yrs  

Interest paid by Bharathi - (P×R×T)/100  

= 12500× 12× 3/100  

= 4,500  

Amount paid by Madhuri -  P(1+R/100)`n  

= 12500 (1+10/100)³  

= 12500( 1+1/10)³  

= 12500 × (11/10)³  

= 12500 × 1331/10  

= 16,637.5  

Interest = A-P  

= 16637.5 – 12500  

= 4137.5  

Thus, the interest paid by Bharathi and Madhuri -

= 4500-4137.5

= 362.5

Therefore Bharathi pays an amount of Rs. 362.5 more than Madhuri.

pls mark as Brainliest