Question

14. Rakesh borrowed 4,000 from a bank at 8% per annum for 2 years. He lent this amount
to Vimal at the rate of 9% per annum for 2 years. How much will Rakesh gain in this
transaction?​

Answer 1

Answer:

p = 4000

r = 9%

t= 2yrs

SI = P*R*T/100

SI = 72000/

SI = 720

SO VIMAL GIVE;. RS 4720

NOW.

P= 4000

R= 8%

T = 2 YRS

SI = P*R*T /

S.I = 32000/100

S.I = 320

SO RAKESH GIVE TO BANK = 4320

SO PROFIT = 4720-4320

RS 400

SO RAKESH IS CLEVER ( CHALAK)

BE HAPPY