Math, asked by fsargath, 4 months ago

Pooja borrows Rs.12,500 at 12% per annum on simple interest for 3

years. Prem borrows the same amount for the same period at 10% per

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

Answers

Answered by jainmuskaan2007
1

Answer:

Step-by-step explanation:

In case of Fabina:

P=Rs.12500  

R=12% per annum and T=3 years, then  

SI=  

100

P×R×T

​  

=Rs.(  

100

12500×12×3

​  

)=Rs.4500

In case of Radha:

Amount=P(1+  

100

R

​  

)  

T

 

Amount=Rs.[12500×(1+  

100

10

​  

)  

3

]

              =Rs.(12500×  

100

110

​  

×  

100

110

​  

×  

100

110

​  

)=Rs.16637.50

∴ Compound Interest =Rs.(16637.50−12500)=Rs.4137.50

Hence, Fabina pays Rs.(4500−4137.50),i.e.,Rs.362.50 more as interest.

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