Bhartiya borrows and 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 compound annually who pays more interest and by how much
Answers
Answered by
3
Answer:
Si=prt/100
12500×12×3/100=4500
for Madhuri si=prt/100
12500×10×3/100=3750
total difference between their interest
4500-3750=750 (Ans)
Similar questions