fabina borrows Rs12500 at 12% per annum 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum compounded annually . who pays more interest and by how much?
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fabina simple intrest
12500*12*3/100=45000
radha compound interest
12500*(1+r/100) ³=4137.5
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