Question

Fabina borrows RS 10,000 at 12% per annum for 3 years at Compounded annually and Radha borrows the same amount for the same time period at 10% per annum,at Simple interest annually. Who pays more interest and by how much?​

Answer 1

Answer:

Fabina

Step-by-step explanation:

Fabina pay more than 2%.

Answer 2

p=rs 10, 000

T=3years

r=12%per year

Si=p*r*t by 100

rs 1000*3*12 by 100

rs=10*3*12

rs,=360

For radha

p=rs 1000

T=3years

R=10%p.a