Question

Ram borrowed Rs 25,000 at 16% SI for 2 years. He lends Rs 5,000 to Amar at 8% and Rs 10,000 to Sita at 20% and the remaining to Ravi at 18%. If they returned the money after 2 years, how much did he gain or lose?

Answer 1

Solutions :-

Given :
Principle = p = Rs 25,000
Rate = r = 16%
Time = t = 2 years


Find the Simple Interest (S.I) :-

S.I = (p × r × t)/100
= (25000 × 16 × 2)/100
= 800000/100
= 8000


Amount = p + S.I
= Rs (25000 + 8000)
= Rs 33000



Now,
Find the Amount for Amar :-
p = Rs 5000
r = 8%
t = 2 years

S.I = (p × r × t)/100
= (5000 × 8 × 2)/100
= 80000/100
= 800

Amount = S.I + p
= Rs (800 + 5000)
= Rs 5800


Find the Amount for Sita :-
p = Rs 10,000
r = 20%
t = 2 years

S.I = (p × r × t)/100
= (10,000 × 20 × 2)/100
= 400000/100
= 4000

Amount = S.I + p
= Rs (4000 + 10000)
= Rs 14000


Find the remaining money :-

Remaining = Total - sum of money of Amar & Sita
= 25000 - (5000 + 10000)
= 10000

Find the Amount for Ravi :-

p = Rs 10000
r = 18%
t = 2 years

S.I = (p × r × t)/100
= (10000 × 18 × 2)/100
= 360000/100
= 3600

Amount = S.I + p
= Rs (3600 + 10000
= Rs 13600


Now,
Find the Total Amount given by Amar, Sita & Ravi to Ram :-

Total Amount of Ram = Rs 33000
Total Amount of Amar, Sita & Ravi = Rs (5800 + 14000 + 13600) = Rs 33400

Rs 33000 < Rs 33400

Therefore, Loss

Loss = Rs (33400 - 33000)
= 400


Hence,
Ram loses Rs 400

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