Question

Mohan borrows a sum of money from Ravi at 12% per annum and lends it ti shagun at 18%per annum for 1.5 years . how much Mohan earn in whole transaction . Please my exam .​

Answer 1

Answer:

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Step-by-step explanation:

interest = principal*rate*time

 

profit = interest earned - interest paid

 

profit = p(.18)(1.5) - p(.12)(2)

= .27p - .24p  

= .03p