Anjali borrowes ₹12500 at 8% per annum for 3 years at simple interest and reema borrows the same amount for the some time period at 4% per annum compounded annually. Who plays more interest and how much?

Anjali borrowes ₹12500 at 8% per annum for 3 years at simple interes

1.	Anjali borrowes ₹12500 at 8% per annum for 3 years at simple interest and reema borrows the same amount for the some time period at 4% per annum compounded annually. Who plays more interest and how much?
Answer» mark my ANSWER as brainliest 1) Anjali P = Rs 12500R = 8%T = 3 yearsSI = PRT/100 = 1250083/100 = 12524SI = Rs. 30002) REEMA A = P(1+R/100)^N = 12500 ( 1+4/100)^3 = 12500(26/25)^3 = 12500262626/252525A = Rs. 14060.8CI = A - P = 14060.8 - 12500CI = Rs. 1560.8Anjali PAYS more interest than Reema Difference = Anjali’s interest - Reema’s interest = 3000-1560.8Difference = Rs. 1439.2Please mark my answer as brainiest

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Anjali borrowes ₹12500 at 8% per annum for 3 years at simple interest and reema borrows the same amount for the some time period at 4% per annum compounded annually. Who plays more interest and how much?​

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Anjali borrowes ₹12500 at 8% per annum for 3 years at simple interest and reema borrows the same amount for the some time period at 4% per annum compounded annually. Who plays more interest and how much?