Question

Dikshita borrowed rupees 8000 in the rate of 12% for 3 years from a bank for simple interest and Akshita Barot same amount and for same period @ 10% in the same bank for compound interest who will pay more amount to the bank​

Answer 1

Answer:

Dikshita l

Step-by-step explanation:

Case 1of Dikshita

Principal =8000

Time=3yrs

Rate =12%

Simple Interest =PTR/100

8000x3x12 288000

_____________ = __________= Rs.2880

100 100

Amount =SI+P

=8000+2880

=Rs.10880

Case 2 of Akshita

Principal =8000

Time=3 yrs

Rate=10%

Simple Interest =PTR

100

8000x3x10 240000

____________ = ________ = Rs. 2400

100 100

Amount =SI+P

=8000+2400

=Rs. 10400

.

. . Dikshita will pay more by 480 rs