9. Sandeep borrowed rs.1,20,000 from a bank at the rate of 12% per annum for 4 years at simple
interest. He lent this money to his friend at the same rate at compounded annually. Find his gain
in this transaction.
Plz solve this question fastly
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Answer:
Answer is
1,20,000×12%
= 14,400 for 4 years
= 14,400×4
= 57,600 rs.
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