Rahim borrowed Rs 10,00 at 12% for 2 years at simple interest and Sali

1.	Rahim borrowed Rs 10,00 at 12% for 2 years at simple interest and Salim borrowed the same amount at the same rate for the same period compounded annually. Who pays more Interest and by how much
Answer» Step-by-step explanation: both have same amount and same RATE and ALSO same time so there is no anyone who PAID more. both will PAY EQUAL to 240.

Rahim borrowed Rs 10,00 at 12% for 2 years at simple interest and Salim borrowed the same amount at the same rate for the same period compounded annually. Who pays more Interest and by how much

Answer»

Step-by-step explanation:

both have same amount and same RATE and ALSO same time so there is no anyone who PAID more.

both will PAY EQUAL to 240.