harpeet borrowed rs 20000 from her friend at 12 % per annum simple interest she lent it to alam at the same rate but compounded annually find her gain after 2 years
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4
Answer:
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Answered by
1
Answer:
288
Step-by-step explanation:
Present value=rs.20000
Interestrate =12%perannum
Time=2years
SI=(20000×12×2)/100
SI=200×12×2
SI=4800
A=20000(1+12/100)²
A=20000(1121100)²
A=20000(1.12)²
A=20000×1.2544
A=25088
Amount Rs.25088
CI-SI=5088-4800
= rs.288
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