Question

Q.6. Sabina borrows Rs 12500 at 8% per annum for 2 years at simple interest and Rabiya borrows
same amount for the same time period at 8% per annum compounded annually. Who pay more
Interest and by how much?
(2 Mark)​

Answer 1

Answer:

p=12500

rate of interest =8%per annum

after 2 years

let us,8% of 12500= 1000

so,in 2 years =2000

it's the write answer