Mathematics · Simple Interest
A lends $5,000 at 5% per annum simple interest for 4 years. B lends $4,000 at 6% per annum simple interest for 3 years. Who earns more simple interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A earns more✓
- 2B earns more
- 3Both earn the same amount
- 4Cannot be determined
Correct answer
A earns more
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