Question

Ravi borrowed rupees 25000 from shishir at 15% per annum simple interest on the same day he length it to Rakesh at the same rate but compounded annually and paid the amount to shishir after 2 years what does he Jain in the transaction


it's answer is 562.50

it's too urgent please answer​

Answer 1

Step-by-step explanation:

$simple \: interest = \frac{principal \times rate \times time}{100}$

$simple \: interest = \frac{25000 \times 15 \times 2}{100} = 7500$

$amount = 25000 + 7500 = 32500$

$compound \: amount = 25000 \times {(1 + \frac{15}{100}) }^{2}$

$= 25000 \times \frac{115}{100} \times \frac{115}{100} = 33062.5$

Ravi's gain =33062.5-32500=562.5

Answer 2

Answer:

tor mai that's. my answer