Question

Neema borrowed rupees 24000 from of commercial bank for for 3 years at the rate 12.5% P A in simple interest .she lent the money to Sangeeta in compound interest at the same rate ,how much does she will have profit after 3 years and find it .​

Answer 1

Answer:

Neema Borrowed Rs..24 ooo

sl=24ooox3x12.5/100= Rs 9000

Lent to sangheeta. at CI

A=P(1+r/1oo)n

= 24000 (1 +12.5/100)^3

= 24ooox( I.125) 3=Rs.34172

C. I=34172-24000

= Rs.10172

profit = 10172-9000 = Rs 1172