Question

bharathi borrows an amount of Rs 12500 at 12percentage per annum for 3years at a simple interest and Madhuri borrows the same amount for the same time period at 10 percent per annum compounded anullay .who pays more interes and by how much?​

Answer 1

Answer:

4500

4137.5

Bharti will pay more then Madhuri by Rs. 362.5

Step-by-step explanation:

For simple interest it would be (136*12500/100)-12500 which is 4500 which is Bharti's interest.

for compound interest (133.1*12500/100)-12500 which is 4137.5 which is Madhuri's interest.

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