Question

david borrowed rupees 1500 at 8% simple interest for 2 years and he landed to tahir for 2 years at 10% per annum compound interest compounded annually david's profit is?

Answer 1

Answer:

9.6 rupees

His 1500 becomes 1740 in two years under simple interest

and the same 1500 becomes 1749.6 in two years under compound interest

so his net gain is 9.6 rupees ✌