Question

Rohit borrows rupees 62500 from Arun for 2 years at 10% per annum simple interest he immediately lens out the sum to Kunal at 10% per annum for the same your compounded annually calculate Rohit profit in the transaction at the end of 2 years ​

Answer 1

Answer:

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your answer is here !

Step-by-step explanation:

Rohit borrowed = Rs 62500, T = 2 years, R = 10%

SI = 62500*2*10/100 = 12500

So rohit has to give interest Rs 12500

Rohit lent same amount for same time and rate at comound interest

Amount after 2 years = 62500(1+10/100)2 = Rs 75625

Comound interest = 75625 - 62500 = Rs 13125

Profit in this transaction = 13125 - 12500 = Rs 625

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Answer 2

Step-by-step explanation:

Principle (P) = 62500

Rate of interest = 10%

Time = 2 years

Interest that Rohit will have to pay to arun

= (62500 * 10 * 2)/ 100

= 6250* 2

= 12500

Total money that Rohit will have to pay to Arun

= 62500 + 12500

= 75000

Money that kunal will give to Rohit

= 62500( 1 + 10/100)^2

= 62500( 11/10)^2

= 62500 * 11/10 * 11/10

= 625 * 11 * 11

= 625 * 121

= 75625

Therefore rohits profit = 75000 - 75625

= 625