Question

Atul borrowed ₹24000 at the rate of ¹⁷1/2 per annum on simple interest.On the same day,he lent it to Amit at same rate but compounded annually.What does he gain at the end of 2 years?​

Answer 1

Answer:

this guy atul made $745,thats some good money

Step-by-step explanation:

24,000×(1+17.5÷100)^(2)= $33125

24,000+(2×(17.5%×24,000))=$32400

net gain=$33125-32400=$725