Rakesh lent out rs8000 for 5years at 15per annum and borrowed rs6000 for 3years at 12per annum.how much did he gain or lose
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SI=
100
P∗R∗T
=
100
8000∗15∗5
=Rs.6000
Amount=8000+6000=Rs.14000
Interest =Rs.6000 , Amount=Rs.14000
SI=
100
P∗R∗T
=
100
6000∗12∗3
=Rs.2160
Amount=6000+2160=Rs.8160
Interest =Rs.21600 , Amount=Rs.8160
Gain6000−2160
Gain =Rs.3840
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