Question

Amit borrowed rs 32000 at the rate 17/1/2 percent per annum simple interest . on the same day he lent it to Ashu at the same rate but compounded annually. what does he gain at the end of 3 years​

Answer 1

Answer:

P= Rs 32000

R=17/1/2%=34%

T=3 years

S.I=32000×34×2/100

=32640

C.I=

$p {(1 + \frac{r}{10)} )}^{t} - p$

=32000(1+34/100)³-32000

=32000(1+17/50)³-32000

=32000(67/50)³-32000

=32000×67/50×67/50×67/50-32000

=(32×67×67×67/5×5×5)-32000

=9624416/125-32000

=76995.328-32000

=44995.382

44995.328 - 32640=12355.328

Therefore he gains Rs12355.328

Please mark me brainliest

Answer 2

3111.50

can't explain......