Mr Shah borrowed 1,00,000 from a bank at 10% per annum for 1 year and immediately lent out the money to his friend at 12% per annum for 1 year. How much did he gain at the end of 1 year?Explain
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Answer:1000
Step-by-step explanation:
beacuse when u multiply for the 10% u will get 10000 and when u multiply by the twelve and u will get 12000 so 12000-11000 is 1000
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