Question

4 Balaji borrows an amount of 10,000 from his friend on simple interest for a period of 2 years at
the rate of 15% p.a. On the same day, he lends it to Govind on compound interest for the same
period of time at 15% p.a. Find the amount he receives from Govind at the end of the period and how much he pays his friend. Find also, the amount he gains in the transaction​

Answer 1

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