Question

Ravi borrowed 25000 from Shishir at 15% per annum simple interest.on the same day.he lent to Rakesh at the same rate but compounded annually and paid the amount to shisher after two years what does h gain in this transaction.​

Answer 1

Step-by-step explanation:

p=25000

r=15%pa

t=2yrs

S.I

p \times r \times t \div 100p×r×t÷100

\begin{lgathered}25000 \times15 \times 2 \div 100 \\ans \: is \: 75000\end{lgathered}

25000×15×2÷100

ansis75000

C.I

\begin{lgathered}25000(1 + 15 \div 100)^{2} \\ the \: ans \: is \: 38021.875\end{lgathered}

25000(1+15÷100)

2

theansis38021.875

as the S.I will be having more interest