Question

Vikram borrowed Rs. 20000 from a bank at 10% per annum simple interest. He lent it to his friend Venkat at the same rate but compounded annually. Find his gain after 2 1/2 years.

Please explain in detail

Answer 1

Heya Mate ✌️

. Simple Interest on ₹20000 at the rate of 10% p.a. after 2.5 years is 20000*2.5*10/100=₹5000

Compound Interest on ₹20000at the rate of 10% p.a after 2.5 years.

C.I=20000(1+10/100)^2.5-20000

=25381.17-20000

=₹5381.17

His gain=5381.17-5000

=₹381.17

I know this is not clear but hope it's helpful to you ...

Hey Sis. will be a good friends??

Answer 2

Answer:

This is the answer