Question

17. If one borrowed Rs. 4000 at Rate 10% and
lent it to another at Rate 14%, what will be
his monthly income?​

Answer 1

Answer:

We know,

We know,SI = P*R*T/100

We know,SI = P*R*T/100To calculate monthly income for given scenario

We know,SI = P*R*T/100To calculate monthly income for given scenarioP = 4000, R = 14 - 10 = 4%,

We know,SI = P*R*T/100To calculate monthly income for given scenarioP = 4000, R = 14 - 10 = 4%,T = 1/12

We know,SI = P*R*T/100To calculate monthly income for given scenarioP = 4000, R = 14 - 10 = 4%,T = 1/12SI = (4000*4*1)/(12*100)

We know,SI = P*R*T/100To calculate monthly income for given scenarioP = 4000, R = 14 - 10 = 4%,T = 1/12SI = (4000*4*1)/(12*100)= 160/12

= 13.35

hope it's help you