Question

3) Ajay took a loan of 1,00,000 from a bank
for 2 years at an interest of 12% per annum
compounded annually. He invested the
money in a company which gave him a
simple interest at 18% per annum for the
same time. How much did he gain by this?​

Answer 1

Answer:

MARK ME AS BRAINLIEST PLEASE

Step-by-step explanation:

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Answer 2

Answer:

Here, V=Rs.30000,r=12%=0.12 and n=20.

We know V=

r

A

​

[1−(1+r)

−n

]

Thus 30000=

0.12

A

​

[1−(1+0.12)

−20

]

⇒   A=

[1−(1+0.12)

−20

]

30000×0.12

​

⇒  A=

[1−(1.12)

−20

]

3600

​

⇒  A= Rs. 4016.7.6

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