9. Govind borrows 18,000 at 10% simala
interest. He immediately invests the money
borrowed at 10% compound interest
compounded half-yearly. How much money
does Govind gain in one year ?
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RS 1980
Step-by-step explanation:
After a year the amount he got is 21780 and he have to give back the sum of 19800 so the profit is 21780-19800=1980
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