Question

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

Answer 1

Answer:

Reahan pay more interest

Step-by-step explanation:

1st Rehan

15000×10×4/100=6000 is interest

2nd Rama

15000×8×4/100=4800 is interest.

So Rehan pay more interest.