Question

Rakesh lent out Rs. 8000 for 5 years at 15% per annum and borrowed Rupees 6000 for 3 years at 12% per annum. how much did he gain or loss???​

Answer 1

Answer:

He gained rs. 5840

Step-by-step explanation:

Amount of sum borrowed = 8160

Amount of sum lent =14000

Since,amount lent>amount borrowed

Thus,there is a gain

Now gain =14000-8160=5840

Just use formula

$prt \div 100 \: to \: \: find \: intrest \\ and \: then \: use \: intrest+ principle = amount$