harpreet borrowed 20000 from her friend at 18% per annum simple interest she lent it to alam at the same rate but compounded annually find her gain after 2 year
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Answer:
Principal = rs.20000
Rate of interest= 18%
Time = 2years
Interest = PRN/100
Interest = 20000 X 18 X 2/ 100
Interest = 200 X 36
Interest = 7200
Amount = Principal Interest
Amount = 20000+7200
Amount = 27200
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