Question

Ravi borrowed 25000 from shishir at 15 per annum simple interest on the same day he lent it to rakesh at the same rate but compounded annually and paid the amount to shishir after 2 years what does he gain in this transaction

Answer 1

Ravi borrowed 25000 from shishir at 15 per annum simple interest on the same day he lent it to rakesh at the same rate but compounded annually and paid the amount to shishir after 2 years he gain an amount of nearly 1 lakh