Rs.8000 lent to Laxman at interest rate of 8./.
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1
Answer:
⇒ A=P×(1+
100
R
)
T
⇒ A=8000×(1+
100
10
)
2
⇒ A=Rs.9680
⇒ C.I.=A−P=Rs.9680−8000=Rs.1680
⇒ S.I.=
100
P×R×T
⇒ S.I.=
100
8000×10×2
=Rs.1600
∴ Gain=C.I.−S.I.=Rs.1680−1600=Rs.80
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