Question

Q. vikram borrowed rs 20000 from a bank at 10% per annum simple interest.he lent it to his friend Venkant at the same rate but componded annually. Find his gain after 2½ years...

Answer 1

interest which Vikram has to give =20000*10*1/100=2000
Vikram will get from Venkat=20000(1+10/100)^2(1+5/100)-20000
then subtract
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