Question

rabina borrows Rs. 12,500 at 12% per annum for 3 years at simple interest and Radha borrows the same amount for the some time period at 10% per annum, compounded annually. who pays more interest and by how much?​

Answer 1

Answer:

Fabina borrows Rs 12,500 at 12% per annum for 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest and by how much? R = 12% p.a. Thus, Fabina pays Rs 362.50 more.

Step-by-step explanation:

Answer 2

Answer:

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