Question

Ahmed lent 3000 to his friend, Ishaq, for 2 years at 6% per annum simple interest. How much
more would he have gained had he lent it at compound interest payable annually (rate and
time being the same)?​

Answer 1

Answer:

Answer: he had gained Rs 360 more after two years. but if he had lent it on compound interest he gain Rs. 370.8 or 371.

Answer 2

Answer:

Answer: he had gained Rs 360 more after two years