Question

. Khanna borrowed ₹4000 from a bank at 8% per annum for 2 years. He lent this amount to Mr. Ahuja at the rate of 9.5% per annum for 2 years. How much will Mr. Khanna gain in this transaction
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Answer 1

Answer:

1521.6

Step-by-step explanation:

100% = 4000

1% = 40

116% = 40×116 = 4640

Again,

4640×(119/100) = 5,521.6

Total gain = 5,521.6- 4000 = 1521.6