Sandeep borrowed rs.1,20,000 from a bank at the rate of 12% per annum for 4 years at simple
interest. He lent this money to his friend at the same rate at compounded annually. Find his gain
in this transaction.
Plz solve this question fastly.
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Answer:
Simple interest = 57,600 total = 1,77,600
compound interest = 68,822 total =1,88,822
total profit earned = 11,222
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