Question

Mr.Ram borrowed rs 12,000 at 12%pa on si and immediately he lent the whole sum to mr. Bala at 12% pa on ci. What will be the gain of mr.Ram after 2 years?162.8 172.8 182.8 192.8

Answer 1

Answer:

192.8

Step-by-step explanation:

This is a answer for you

Answer 2

Second option is correct.

Step-by-step explanation:

Since we have given that

P = Rs. 12000

r = 12% p.a.

So, Simple interest would be

$\dfrac{12000\times 12\times 2}{100}=\dfrac{288000}{100}=2880$

Compound interest for 2 years would be

$CI=P(1+\dfrac{r}{100})^n-1)\\\\CI=12000(1+0.12)^2-1)\\\\CI=12000(1.12^2-1)\\\\CI=12000\times 0.2544\\\\CI=3052.8$

So, Gain over 2 years would be

$3052.8-2880=Rs.\ 172.8$

Hence, Second option is correct.

# learn more:

A person borrowed rs.800 at 10% pa simple interest and immediately lent the whole sum at 10%pa compound intetest what does he gain at the end of 2years

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