Question

Bharti borrows an amount of rupees 1250 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 paid more interest and

by how much.​

Answer 1

For Bharathi

P=12500,R=12%,T=3

SI=

100

PRT

=

100

(12500×12×3)

Interest =44500

For Madhuri

P and T are same but R=10% compounded annually

CI=P(1+

100

R

)

T

−P

=12500(1+

100

10

)

3

−12500

CI=16637.5−12500

Interest =4137.5

Comparing the interest paid by Bharathi and Madhuri we can see that Bharathi has to pay more and it is equal to the difference(4500−4137.5)=Rs.362.5

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Answer 2

Answer:

bharti pays more interest by ₹75

Step-by-step explanation:

Bharti :

1250*12/100*3

=450

Madhuri

1250*10/100*3

=375