anand borrowed rs 5000 at 5% lend the same amount to bhaskar at 7% bhaskar return the money back after 2 yrs and at same time anand also return the borrowed money. find the money earned by anand final transaction.
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Answer:
rupees 212
Explanation:
amount paid by bhaskar to anand = 5000(1+7/100)^2 = 5724.5
amound paid by anand to money lender = 5000(1+5/100)^2 = 5512.5
amount of money anand gained = 5724.5 - 5512.5 = 212
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