Math, asked by shobharajput, 5 months ago

Rehana borrows ₹ 15000 at 10% p.a. for 4 years at simple interest and her friend Rama borrows same amount for same time at the rate of 8% p.a. compounded annually. Who pays more interest and by how?

Answers

Answered by Dharun86

1

Answer:

Rehana pay more interest

Step-by-step explanation:

1st Rehana

15000×10×4/100=6000 is interest

2nd Rama

15000×8×4/100=4800 is interest.

So Rehan pay more interest

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