Kamal borrowed 20000 from Mohan at
10% for 2 years and lent it to Suneel for
2 years at 15%. How much will Kamal gain
after paying back to Mohan?
please solve it easy formula answer is 2000 I need formula only
Answers
Answered by
9
Answer:
your answer is down.
Step-by-step explanation:
FOR KAMAL
P = Rs 20000
R = 10%
T = 2 years
Interest = (P*R*T)/100
Interest = (20000*10*2) / 100
Interest = 400000/100
Interest = Rs 4000
FOR SUNEEL
P = Rs 20000
R = 15%
T = 2 years
Interest = (P*R*T)/100
Interest = (20000*15*2) / 100
Interest = 600000/100
Interest = Rs 6000
now the difference in interest will be amount gained by kamal after paying back Mohan's amount.
amount of kamal = Rs 6000 - Rs 4000
amount of kamal = Rs(6000-4000)
amount of kamal = Rs 2000
if the answer is helpful kindly mark it as brainliest.
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