Question

Balaji borrows an amount of 10,000 from his friend on simple interest for a period of 2 year at the rate of 15% on the same day he lends it to govind an compound interest find the same period of time at 15% compound interest find the amount he receives from govind at the end of the period and how much he pays his friend find also the amount he gains in the transactions

Answer 1

amount to be paid by balaji = P+si
= 10000+10000x15x2/100
= 13000
amount paid by gopal to balaji=A(on CI)
= 10000(1+15/100)²
=13225
so allover gain for balaji is
13225-13000= 225₹

Answer 2

gere is your answer hope it's helpful