Yatin borrowed 1,20,000 from a bank at the rate of
12% per
annum for 4 years at simple interest. He lent
this money to his friend at the same rate at
compounded annually. Find his gain in this
transaction.
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Answer........Albert Einstein is best known for his equation E = mc2, which states that energy and mass (matter) are the same thing, just in different forms. He is also known for his discovery of the photoelectric effect, for which he won the Nobel Prize for Physics in 1921.
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