Question

Maria borrows Rs.12,000 at 6% per annum for 2 years at simple interest
and Evana borrows the same amount for the same time period at 8% per
annum compounded annually .Who pays more interest and by how much?

Answer 1

Answer:

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Step-by-step explanation:

Maria borrows Rs.12,000 at 6% per annum for 2 years at simple interest

and Evana borrows the same amount for the same time period at 8% per

annum compounded annually .Who pays more interest and by how much?

Answer 2

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