Question

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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Answer 1

Answer:

ANSWER

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