at 10% simplevests the moneyo Govind borrows 18,000 at 100interest. He – InterviewSolution

1.	at 10% simplevests the moneyo Govind borrows 18,000 at 100interest. He immediately invests theborrowed at 10% compound incompounded half-yearly. How much monedoes Govind gain in one year ?
Answer» P=18000rsR=10%T=1 yearS.i. =P RT/10018000101/100=1800rsCompounded halfyearlyP =18000 rsT=2 half yearsR=5%A=p[1+r/100]^t=18000[1+5/100]^2=18000[21/20]^2=180002121/400=45*441=19845rsC.i.=19845-18000=1845rsMoney he gained =1845-1800=45rs

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