Question

Vasudev borrows ₹12500 at 12% rate for 1 year at simple interest and radha borrows the same amount at same time period for 10% per annum at compound interest. find who have to pay more interest and by how much ?​

Answer 1

Step-by-step explanation:

P*R*T/100

So, 12500*12*1/100

So, Vasudev has a interest os rupee1500

P*R*T/100

So, 12500*10*1/100

So, Radha has a interest of rupee1250

So, Vasudev has a greater interest of rupee (1500-1250)=250