Question

Mr Sharma lends 4,00,000 to Mr Ganguly at 9.5% interest p.a., who in turn lends 3,50,000 to Mr Choubey at 10.5% interest p.a. At the end of two years will Mr Ganguly be receiving or paying interest What will be his net receipt or payment?​

Answer 1

400000×9.5÷100=

=38000

mr ganguli received above rupees..

paying and paying

38000-36750=

1250 he is paying

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