Question

Roma borrowed 20,000 from friend rupa at 18%per annum simple interest . she lent it to Tasha at the same rate. find the her gain % after 2years

Answer 1

Ans will be Rs 7200...

Answer 2

Principal(P)=20000
Rate of intrest(R)=18%p.a.
Time(N )=2 years

SI = PNR÷100
SI= 20000×18×2÷100
SI= 200×36

A=P+I
A=20000+7200
A=27200

% gained= 7200÷20000×100
%gained=7200÷200
= 6%