Mahesh borrowed some money from a bank at 8% per annum simple interest and lent the entire amount to jaikishan on the same day at 12% per annum. thus, after 3 years, he gained rupees 420. find the sum.
Answers
Answered by
21
3500
Step-by-step explanation:
step 1
Given
amount borrowed at rate= 8%
amount given at rate = 12%
total time = 3 years
amount earned = 420
step 2
so total overall % gain in 3 yrs
= 3(% will earn - % to be paid)
=3 (12-8)%
=3×4%
= 12%
step 3
12% of money= 420
1% of money. = 420/12= 35
total 100% money = 35× 100
= 3500
hope this can help
Answered by
1
Answer:
3500 ruppes
Step-by-step explanation:
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