Question

Rohit borrows* 86,000 from Arun for two years at
5% per annum simple interest. He immediately lends
out this money to Akshay at 5% compound interest
compounded annually for the same period. Calculate
Rohit's profit in the transaction at the end of two years.​

Answer 1

frist by using simple interest formula and find

by using compound interest formula

you get answer

Answer 2

gggggggggggggggggggggStep-by-step explanation: