Question

fabina borrows Rupees 12500 at 12% per annum for 3 years at simple interest and Radha borrowed the same amount for the same time period at 10% per annum compounded annually who page more interest and by how much​

Answer 1

Answer:

Step-by-step explanation:

First we remove the fabina's interest

P=12500 R=12 T=3years

S.I= P×R×T/100

12500×12×3/100

12∅∅∅×12×3/1∅∅

I=125×12×3

=4,500

∴ Fabina's Interest is 4,500

Radha interest

P=12500 R=10 T=3years

S.I=P×R×T/100

125∅∅×10×3/1∅∅

I=125×10×3

=3550

∴ Radha's interest is 3550

∴ Fabina have to pay more interst by Radha

∴ Fabina will pay 950 RS more as an interest by Radha