Question

Ramesh lent out rupees 8000 for 5 years at 15% per annum and borrowed Rupees 6000 for 3 years at 12% per annum . did he gain or loss​

Answer 1

Answer:

He gained

Step-by-step explanation:

MARK ME AS BRAINLEAST

Answer 2

Answer:

This is first part of Q:

so,

P8000

Yrs5

R15%

so,Si=PRT/100

so=8000*5*15/100

80*5*15

therefore SI=6000.

Second part of Q:

so,

P6000

R12%

Yrs3

so,Si=PRT/100

6000*3*12/100

60*3*12

60*36

therefore SI=2160.

Now we will compare First Si &Second Si

First is 6000.

second is 2160.

so,6000>2160.

so, Ramesh will lose in whole transaction.