Question

Balaji borrows an amount of 10,000 From his friends on simple interest for a period of 2year at the rate of 15% on the same day he lends it to govind on compound interest for 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

there is 15℅ in both so there will bw no gain and no loss if both is for 2 years if there is difference between the period than answer may differ