16. Naaz borrows Rs 12,500 at 12% per annum for 3
years at simple interest and Zara borrows the same
amount for the same time period at 10% per annum,
compounded annually. Who pays more interest and
by how much?
(a) Rs 352.50 more (b) Rs 364.50 more
(c) Rs 362.50 more (d) ks 262.50 more
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Answer:
c. Rs. 362.50
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Answer:
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