Question

the simple interest on rs.12500 at per annum for 3years is.​

Answer 1

Answer:

Principal,P =Rs 12500

Simple interest Rate,R = 12% p.a.

Time period,n = 3 years.

Simple Interest, SI at 12% for 3 years =

= Rs 4500

For Radha,

Principal,P =Rs 12500

Compound interest Rate,R = 10% p.a.

Time period,n = 3 years.

We know, Amount when interest is compounded annually,

Fabina pays more interest and Rs (4500 - 4137.50) = Rs 362.50 more.

Hope it helps you

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