Question

Abhay borrowed 62500 from a bank at 8% per annum for 2 years on simple interest on the same day he lent to akshay at the same rate and for the same time but compounded annually how much does he gain at the end of 2 years​

Answer 1

Answer:

Step-by-step explanation:

Simple interest= p×r×t÷100

S.I = 62500×8×2÷100

S.I = 10050

Answer 2

Step-by-step explanation:

I hope this answer may be helpful for you.