bharathi borrows an amount of 2500 rupees at 12 per annum for 3 years at simple interest and Madhuri borrows the same amount for the same time period at 10% per annuum,compounded annually.who pays more interest and by how much/
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si = p×r×t/100
si = 2500×3×12/100
si= 36×25
si=900
ci = p{ (1+r/100)^n -1}
ci= 2500{ (1+10/100)^3 -1}
ci= 2500{(1331-1000/1000}
ci = 25×331/10
ci=827.5
bharati pays more by 900-827.5=72.5 more
si = 2500×3×12/100
si= 36×25
si=900
ci = p{ (1+r/100)^n -1}
ci= 2500{ (1+10/100)^3 -1}
ci= 2500{(1331-1000/1000}
ci = 25×331/10
ci=827.5
bharati pays more by 900-827.5=72.5 more
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