Question

suresh took a loan of rupees of 100000 from bank of India at 8 percent per annum for 3 years compounded annually his friend took same loan at same amount at same interest for same time from money lendrr at simple interest . who has to pay more interest?​

Answer 1

Answer:

Suresh has to pay more because when the time amount and interest all are same compound interest is always more than simple interest