Question

Vanitha and Ramya are living in Mathur village. Vanitha went to UCO Bank , Kalapet and borrows loan of Rs 25000 at 10 % per annum for 3 years at simple interest. Ramya borrows the same amount for the same period at 10 % p.a compounded annually from her friend.

1.How much interest was paid by Vanitha ?
2.What is the Amount paid by Vanitha to UCO Bank after 3 Years ?
3. How much interest was paid by Ramya?
4.What is the Amount paid by Ramya to her friend after 3 Years ?
5.What is the Difference of amount paid between Vanitha and Ramya

Answer 1

Answer:

Vanitha and Ramya are living in Mathur village. Vanitha went to UCO Bank , Kalapet and borrows loan of Rs 25000 at 10 % per annum for 3 years at simple interest. Ramya borrows the same amount for the same period at 10 % p.a compounded annually from her friend.

Step-by-step explanation:

1 . 5℅ tax paid by vanitha