Question

harpreet borrowed 20000 for her Friend at 12% per annum simple interest she lent it to alarm at the same rate compunded annualy find her gain after 2 years

Answer 1

Given:

P=Rs 20000

R=12%

T=2 years

S.I =20000X2X12/100

    =4800

C.I=20000X[(1+(12)/100$)^{2}$-1]

   =Rs5088

Therefore, Interest paid by Harpreet=Rs.4800

                        Interest paid by Alam=Rs.5088

Therefore ,Harpreet's gain=Rs(5088-4800)

                                           =288

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