Question

Sheela borrows 15000 from her friend ar 12%
p.a. for 3 years at simple interest. Renu borrows
the same amount from a bank for 3 years at
1
10% p.a. compounded annually. Who pays
2
more interest and by how much?​

Answer 1

Answer:

p.a. for 3 years at simple interest. Renu borrows

the same amount from a bank for 3 years at

1

10% p.a. compounded annually. Who pays

2

more interest and by how much?

Step-by-step explanation:

p.a. for 3 years at simple interest. Renu borrows

the same amount from a bank for 3 years at

1

10% p.a. compounded annually. Who pays

2

more interest and by how much?