Question

B borrowed rs 720from A at 8% simple interest for 3years and lent the same sum to C at 10 1/2% si for 2years. find the gain or lost

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Answer 1

Answer:

B gained Rs 21.6

Step-by-step explanation:

B borrowed 720 from A at 8% for 3 years so

=720*8%*3

=Rs 172.8

B earned Rs 172.8

Then he gave C the same amount of money 720 at 10 1/2% for 2 years so C earned

=720*10 1/2%*2

=Rs 151.2

THEN B GAINED BY =172.8-151.2=Rs 21.6