Question

Bharti barrows and amount of 12500 at 12% per annum for 3 years at 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

Given,

P=₹12500,R=12,T=3

I=PTR/100

I=12500×3×12/100

I=125×36

I=4500

(A=P+I)

A=12500+4500

A=17000

Madhuri,

A2=P(1+R/100)^n

=12500(1+10/100)^3

=12500(100+10)^3

=12500(110)^3

=12500×110/100×110/100×110/100

A2=12.5×11×11×11

A2=16637.50

A1>A2

=17000-16637.50

=362.5

Bharathi pays more interest by 362.5

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HOPE IT LIKES YOU

ANSWER IS CORRECT:-

362.5

Answer 2

Answer:

Bharti pays more interest

Step-by-step explanation:

Bharti

P=12500

R=12%

T=3 years

so,SI=P×R×T/100

12500×12×3/100=4505

Madhuri

12500×10×3/100=3750