Rishi borrowed 720,000 for 3 years at the rate of 8.5% pa. simple inte – InterviewSolution

1.	Rishi borrowed 720,000 for 3 years at the rate of 8.5% pa. simple interest, while Johnborrowed the same amount for the same period at 8% pa. compounded annually.paid less interest and by how much?Whoat the rate of 12% n a compounded annually. He repays
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