Atul borrowed Rupees 24,000 at the rate of 35/2 percent per annum on simple interest.On the same day,he lent it to Amit at the same rate but compounded annually.What does he gain at the end of 2 years?
Pls answer this fast and give the right answer pls
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Answer:
SI=PRT/100=24000×35/2×2/100=rs.8400
Amount gain by Atul:-
A=p(1+r/100)^n
A=24000(1+35/2×100)^2
A=24000(2209/1600)
A=33135
CI = A-P=33135-24000
=9135
Atul gain .
= rs. 9135-8400
=735
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Hi mirchi ...
My paper was good ^_^
How are u..
Missed u sis ToT
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