Ratansingh borrowed 16,000 at 12.5% rate ofinterest for 3 years to set – InterviewSolution

1.	Ratansingh borrowed 16,000 at 12.5% rate ofinterest for 3 years to set up a motorpump on thewell from 'Gurudev Co-operative Society' at compoundinterest. If he would have taken this loan at simpleinterest, then what would be the difference in theinterest ?2.
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