Question

7. Mr Gupta borrowed ₹10,000 from his friend Mr Malik at 10% p.a. simple interest for 3 years. He lent this money to Mr Goyal at double the rate for the same duration but compounded it annually. Find his gain after 3 years.​

Answer 1

P=10,000
R=10% p.a
T=3 yrs
SI = PRT/100
10,000*10*3/100