‘P’ and ‘Q’ loan equal amounts for two years at the same rate of interest per annum. P loans at simple interest, while Q loans at compound interest. P earns interest ______________ as compared to Q.

 

Asked by plaxmi191 | 20th Jan, 2021, 06:41: PM

Expert Answer:

‘P’ and ‘Q’ loan equal amounts for two years at the same rate of interest per annum. P loans at simple interest,
while Q loans at compound interest. P earns interest less as compared to Q.

Answered by Yasmeen Khan | 22nd Jan, 2021, 09:47: PM

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