Math, asked by sukhinder1681, 1 year ago

Ratansingh borrowed Rs.16,000 at 12.5 % rate of interest for 3 year to set up a motorpump on the well from 'Gurudev Co-operative Society' at compound interest. If he would have taken this loan at simple interest, then what would be the difference in the interest?

Answers

Answered by 27jenny

hyyy mate...
thanks for the question...
ur ans is here...
he have to pay more interest ...
if he borrow money on simple interest he would pay 6000 rupees as interest....
Bt in the case of compound interest he would pay 6781 . 25 ....
.
.
.❤hope it helps u ❤

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