Question

David borrwed ₹ 1500 at 8% simple interest for 2 years and he lent in to tahir for 2 years at 10% per annum compound interest, compounded annually.david's profit is​

Answer 1

Answer:

Rs. 75

Explanation:

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Answer 2

Its case ( simple interest)

principle = rs 1500

rate of interest = 8%

time = 2years

SI = P×R×T/100

SI = 1500×8×2/100

SI = 240 rs

2nd case (compound interest)

p=1500 , R = 10% , t = 2yrs

A = P(1+R/100)^t

A = 1500(1+10/100)^2

A = 1500(11/10)^2

A = 1500×11/10×11/10

A = 1815rs

David's profit = CI -SI

David's profit = 1815rs - 240rs

1575rs ans