Question

On for MATHEMATICIANS<br /><br />Sanjay Borrowed 12800 ate the tate of 25/4 per annum at simple interest. on same day he lent it to the guest at the same rate compounded annually what does Sanjay gain at the end of 2 years

Answer 1

Given principal = 12800, Time n = 2 years, R = 25/4.

Simple Interest:

We know that SI = PTR/100

⇒ (12800 * 2 * 25)/(4 * 100)

⇒ 640000/400

⇒ 1600.

So, the amount Sanjay has to pay = 12800 + 1600 = 14400.

Compound interest:

We know that A = P(1 + r/100)^n

⇒ 12800(1 + 25/400)^2

⇒ 12800(1 + 1/16)^2

⇒ 14450.

So, the amount received by sanjay from guest = 14450.

Hence, gain = 14450 - 14400

                     = 50.

∴Therefore, Amount gained by sanjay = 50.

Hope it helps!

Answer 2

♦♦Hey dear here is your answerr♦♦

✴HOPE ITS HELPFULL✴

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