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 in two years.

Answer 1

Answer:

d = Rs 288

Step-by-step explanation:

/* We know that ,

If on a certain sum "P" , difference between compound interest and simple interest is 'd' and rate percentage is R% for 2 years , then the relation is

$d = P\left(\frac{R}{100}\right)^{2}$

Where d = (CI - SI ) for 2 years */

Here,

Principal (P) = Rs 20000,

R = 12%,

$d = 20000\left(\frac{12}{100}\right)^{2}$

$= 20000\times \frac{12}{100}\times \frac{12}{100}$

$= 2\times 144\\=Rs 288$

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Answer 2

Answer:

THIS IS THE ANSWER

Step-by-step explanation:

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