Question

Mohit borrowed 50000 from Rohit at 10%per annum simple interest and lent it to Keshav at the same rate but compounded annually. Find Mohit's gain after 2 years.​

Answer 1

SI., 50000x2x10/100 = 100

Cl=50000(1+10/100) 2-50000

= 50000x(110/100) ^2-50000

= 60500 - 50000 = 10500

Gain=10500-10000= Rs 500

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