Ravi borrowed ₹5000 from a friend at the rate of 18% Per year.he lent ₹3000 to another friend at the rate of 24% per year and ₹2000 to a cousin at the rate of 36% per year.How much profit would he earn in 2 years????
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Answers
640 rupees
Step-by-step explanation:
Here ravi borrows and also lends
Borrows. Lends
P. = 5000. P. = 3000
R. = 18%. R. =24%
T. = 2years. T. =2years
SI = 1800. SI = 1440
Amt = 6800. Amt =4440
P = 2000
R = 36
T = 2years.
SI=1440
Amt=3440
He gets 3440+4440 ruppes
that's 7440 rupees
He have to give 6800 rupees to his friend
Therefore his profit will be
7440-6800=640 rupees
Did you get??