Question

Rohit borrowed Rs 600000 from a bank at 9% per annum for 2 years. He lent this sum of money to Rohan at 10% per annum for 2 years. How much did Rohit earn from this transaction?

Answer 1

Answer:

849600

Step-by-step explanation:

p=600000

r=9%

t=2years

p×r×t÷100=600000×9×2÷100=108000

A=P+I

A=600000+108000

A=708000

708000×10×2÷100=141600

708000+141600=849600

so,rohit earn from this transaction =849600_600000=249600

Answer 2

Answer:

Step-by-step explanation:

849600

p=600000

r=9%

t=2years

p×r×t÷100=600000×9×2÷100=108000

A=P+I

A=600000+108000

A=708000

708000×10×2÷100=141600

708000+141600=849600

so,rohit earn from this transaction =849600_600000=249600