Question

Radhelal borrowed ` 2,400 @ 6% p.a. simple interest

and invested this at 7.5% p.a. compound interest. If the

transaction was for two years, what was his gain.​

Answer 1

Answer:

85.5

Step-by-step explanation:

by comparing both SI and CI we can calculatw the profit

Answer 2

Answer:

P=1500

R=6%

T=3yrs

S.I= P×R×T÷100

= 1500×6×3÷100

S.I= 270/-

A= P(1+R÷100)ň

=1500(1+6÷100)

A= 1787/-

C.I= A-P

= 1787-1500

C.I= 287/-

Difference = C.I-S.I

= 287-270

= 16/-