Question

i Iborrowed a sum of 6000 for 2 years at 5% simple interest and lent it for the same time and at
the same rate at compound interest. Find my gain in this transaction.​

Answer 1

Step-by-step explanation:

Let the money lent to interest = Rs. x

∴x(

100

18

)×2−6000×2=650

100

36x

=650+120×14=2330

x=

36

2330×100

=6472.222

solution