vikram borrow rs. 20000 from a bank at 10 percent interest. He lent to his friend venkat at sane rate but compounded annually. find his gain after 2(1/2)years
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Answered by
0
Answer:
rs. 381.17
Step-by-step explanation:
Simple interest on 20000 at the rate of 10% p.a after 2 years is 20000×2.5×10/100 = rs. 500
compound interest on 20000 at the rate of 10% p.a after 2.5 years C.I= 20000(1+10/100)2.5 -20000
= 25381.17- 20000
=rs 5381.17
His gain= 5381.17- 5000
=rs 381.17
Answered by
0
Answer:
rs 381.17
Step-by-step explanation:
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