Question

Harpreet borrowed 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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Answer 1

Step-by-step explanation:

HARPREET BORROWED= 20000

RATE OF INTEREST = 12%

TIME = 2 YEARS

Harpreet borrowed at SIMPLE INTEREST

ALAM BORROWED = 20000

RATE OF INTEREST=12%

TIME= 2 YEARS

Alam borrowed it a compound interest

1. HARPREET = simple intrest = P×R×T/100= 20000×12×2/100=4800

HARPREET'S SIMPLE INTEREST IS 4800

2. ALAM= Compound interest {AMOUNT FORMULA}= p×(1+r/100)Power T

20000×(1+12/100)POWER 2=amount =25088

{now., compound interest = 25088 -24000=1088

now total gain= 1088 + 4800

=5888

☺️☺️

Answer 2

Answer:

hope it's help you.............