Vivek borrowed ₹30000 from a bank at 9% per annum for 4 years. He lent this sum of money to Tanuj at 12% per annum for the same period. How much did Vivek gain in this transaction.
Answers
Answered by
62
Interest Vivek has to pay = (P*I*R)/100
=(30000*9*4)/100
=10800
Interest Tanuj has to pay to Vivek = (30000*12*4)/100 = 14400
Gain = 14400 - 10800 = 3600
=(30000*9*4)/100
=10800
Interest Tanuj has to pay to Vivek = (30000*12*4)/100 = 14400
Gain = 14400 - 10800 = 3600
Answered by
1
okkkkkkkkkkkkkkkkkkkkkk
Attachments:
Similar questions