Question

A person borrows an amount of Rs 20,000
at 8% rate for 5 years. He lends this amount
to a client for 5 years at a rate of 14%. How
much money does he gain in the transaction
after 5 years?​

Answer 1

Answer:

6000

Step-by-step explanation:

8% on 20000=1600

1600×5=8000

14%on 20000 =2800

2800×5=14000

14000-8000

=6000