Math, asked by kajalvats13, 10 months ago

Riya took a loan of rs24000 from a bank at 7% per annum and lent it to ravita for 2years at 10% per annum how much did Riya gain

Answers

Answered by MERILL

18

Step-by-step explanation:

Riya's principal = 24000

Rate = 7%

Period = 2 years

Riya's interest = 24000 × 7 × 2/100

= 3360

Ravita's principal = 24000

Rate = 10%

Period = 2 years

Ravita's interest = 24000×10×2/100

= 4800

Riya's gain = 4800 - 3360

= 1440

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