Question

Riya took a loan of rs.24,000 from a bank at 7% per annum and lent it to Tivita for 2years at 10%p.a.How much did Riya gain?​

Answer 1

Answer:

₹1440.

Step-by-step explanation:

Riya took a loan of rs.24,000 from bank at 7%per annum.

P×T×R/100 = 24000×2×7/100 = ₹3360

And Riya lent the money to Tivita for 2years at 10% per annum.

P×T×R/100 = 24000×2×10 = ₹4800

4800-3360 = ₹1440.

Therefore, Rita gained ₹1440.

Answer 2

Step-by-step explanation:

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