By using the formula, find the amount and compound interest on: Abhay

1.	By using the formula, find the amount and compound interest on: Abhay borrowed Rs 16000 at 712% per annum simple interest. On the same day. he lent it to Gurmeet at the same rate but compounded annually. What does he gain at the end of 2 years ?
Answer» By using the formula, find the amount and compound interest on: Abhay borrowed Rs 16000 at $7 \frac{1}{2} %$ per annum simple interest. On the same day. he lent it to Gurmeet at the same rate but compounded annually. What does he gain at the end of 2 years ?

By using the formula, find the amount and compound interest on: Abhay borrowed Rs 16000 at 712% per annum simple interest. On the same day. he lent it to Gurmeet at the same rate but compounded annually. What does he gain at the end of 2 years ?

Answer»

By using the formula, find the amount and compound interest on:

Abhay borrowed Rs 16000 at $7 \frac{1}{2} %$ per annum simple interest. On the same day. he lent it to Gurmeet at the same rate but compounded annually. What does he gain at the end of 2 years ?

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By using the formula, find the amount and compound interest on: Abhay borrowed Rs 16000 at 712% per annum simple interest. On the same day. he lent it to Gurmeet at the same rate but compounded annually. What does he gain at the end of 2 years ?

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