Question

Fatima borrows rs 12500 at 12percent per annum for 4year at simple interest and Reba borrows the same amount for the same time period at 10 percent per annum compounded half yearly . who pays more interest and by how much?​

Answer 1

Answer:

Reba:12500*10%*8=10000

Fatima :12500*12%*4=6000

_Reba>Fatima