Question

=) Freddy borrows * 12,500 at 12% per annum for 3 years at simple
interest and Sonia borrows the same amount for the same period
at 10% per annum compounded annually. Who pays more interest and how much?​

Answer 1

Answer:

Freddy is pays more interest

Step-by-step explanation:

12500*12%=1500*3years= 4500

sonia:-

12500*10%=1250*3years=3750