Question

Sanjay borrowed Rs128000 at the rate of 25/4% per annum at simple interest. On the same day, he lent it to Rajesh at the same rate but compounded annually. What does Sanjay gain at the end of 2 years​

Answer 1

Answer:

Rs 50

Step-by-step explanation:

ANSWER

Given: 

P=12,800

R=425% 

T=2years

SI=100PRT=12800×425×2×1001=1600

Amount =12800+1600=14400

CI for 2 years =P(1+100R)T

=12800(1+40025)2

=12800×256289

=14450

Profit =14450−14400=50Rs