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Hello,
Money lender
P = ₹5500, R = 24 per cent, T = 2 years
S.I. = 5500 x 24 x 2 / 100 = ₹2640 he will give to money lender.
Friend
P = ₹5500, R = 36 per cent, T = 2 years
S.I. = 5500 x 36 x 2 / 100 = ₹ 3960 he will take from his friend.
He got ₹3960 from his friend and he will paid back ₹ 2640 to money lender.
So, he will earn ₹ 3960 - ₹2640 = ₹ 1320
I hope I helped u :)
Money lender
P = ₹5500, R = 24 per cent, T = 2 years
S.I. = 5500 x 24 x 2 / 100 = ₹2640 he will give to money lender.
Friend
P = ₹5500, R = 36 per cent, T = 2 years
S.I. = 5500 x 36 x 2 / 100 = ₹ 3960 he will take from his friend.
He got ₹3960 from his friend and he will paid back ₹ 2640 to money lender.
So, he will earn ₹ 3960 - ₹2640 = ₹ 1320
I hope I helped u :)
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