Rakesh lent out ₹8000 for 5 years at 15% per annum and borrowed ₹6000 for 3 years at 12%per annum did he gain or loss
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Answered by
44
Check this attachment :-)
The interest earned by him on the amount he lent is Rs. 8090
The interest he paid to his loan is Rs. 2429
He paid less interest and got more interest.
So gain = 8090.86-2429.568
=Rs. 5661.292
The interest earned by him on the amount he lent is Rs. 8090
The interest he paid to his loan is Rs. 2429
He paid less interest and got more interest.
So gain = 8090.86-2429.568
=Rs. 5661.292
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linden:
Thanks for your answer and your handwriting is so nice
Answered by
20
hey mate here is your answer in attachment...
;-)
;-)
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