Math, asked by chandrimabandel, 7 months ago

Deepak borrowed Rs 25000 from Rohit at 3% per annum on simple interest for 2 years. Had he borrowed the sum at 3% per annum compounded annually, what extra interest would he have had to pay?

Answers

Answered by nidhifoods2012

3

Answer:

1500

Step-by-step explanation:

25000*3÷100 = 750 interest

it's simple interest for 2 years n 3%per annum means once in an year

it's for 2 years so 750 +750 =1500 total interest

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