Question

Harpreet borrowed rupees 20000 from her friend at 12% per annum simple interest. She lent it to Mr. Alam at the same rate but compounded annually. Find her gain after 2 years

Answer 1

Step-by-step explanation:

Here,

principal(p)=20000

time(t)=2years

rate Of intetest(r) =12℅p.a

therefore, s.i=p×r×t÷100

=20000×12×2÷100

=200×12×2

=200×24

=4800

Amount=p+s.i

=rs.(20000+4800)

=24800

Answer 2

Answer:

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