Question

Fabina borrow=12500rs
rate of interest=12%p.a.
time=3years
and radha also borrow equal money and for same period of time but rate of interest=10%p.a. . Find who pays more money and how much​

Answer 1

Answer:

For Fabina,

Principal,P =Rs 12500

Simple interest Rate,R = 12% p.a.

Time period,n = 3 years.

Simple Interest, SI at 12% for 3 years =

= Rs 4500

For Radha,

Principal,P =Rs 12500

Compound interest Rate,R = 10% p.a.

Time period,n = 3 years.

We know, Amount when interest is compounded annually,

Fabina pays more interest and Rs (4500 - 4137.50) = Rs 362.50 more.

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Answer 2

Step-by-step explanation:

Fabin pays more interest 750 rupees