Question

zoya borrows 35,500 per annum for 2 years at simple interest of 15%and krina borrows the same amount for the same time period at 11% per annum compounded annually. who pays more interest by how much ?​

Answer 1

Answer:

I think it is the answer... Isn't it dear??

Step-by-step explanation:

interest=

100

p∗r∗t

p = principal amount , r = rate , t = time

interest=

100

7000∗3.5∗2

interest = RS. 490

total amount = interest+ principal amount

= 7000+490= Rs 7490