Question

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​​​

Answer 1

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

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