Ravita wanted to buy a diamond ring for herself. The total cost of the ring was ₹ 50,000. Ravita had only ₹ 10,000 with her as her savings so she decided to borrow the rest of ₹ 40,000 from her friend Mayank. Mayank agreed to give her ₹ 40,000, but he charged interest at the rate of 5% per annum compounded annually. After 2 years, Ravita paid Mayank the total amount due to clear her debt. Later on, Ravita decided to sell the ring and buy a new one. She sold the ring for ₹ 55,000.
Q:The total amount Ravita paid to Mayank to clear her debt is:
Interest paid by Ravita is:
Profit or loss earned by Ravita after selling the Ring : pls asap
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I don't know sorry sorry sorry
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