Kapil lent out rupees 8000 for 5 year at 15% per annum and borrowed rupees 6000 for 3 years at 25 percentage per annum did he gain or lose?
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Step-by-step explanation:
(at 1st)
P - 8000
T - 5 years
R - 15%
Interest = 8000×5×15
100
= 400×15 = 6000
(then)
P - 6000
T - 3 years
R - 25 %
interest = 6000×3×25
100
= 180×25 = 4500
therefore , he had profit of 1500
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