Question

Priya went to Diya for a loan of RS 25000 Diya took a loan of RS 25000 from a bank at 8% for 2 years and promptly gave the money to Priya for 2 years at 12 % how much does Diya earn in this transaction
​

Answer 1

Answer:

RS 2000

Step-by-step explanation:

Given that,

Diya took a loan of RS 25000 from a bank at 8% for 2 years.

Diya had to pay the bank RS (25000+(25000*8%*2))=29000

And Diya promptly gave the money to Priya for 2 years at 12 %

So, Diya will take from Priya RS (25000+(25000*12%*2))=31000

Then, Diya will earn RS (31000-29000)=2000