Rohit borrows Rs 86,000 from Arun for two years at 5% per annum simple – InterviewSolution

InterviewSolution

1.	Rohit borrows Rs 86,000 from Arun for two years at 5% per annum simple interest. He immediately lends out this money to Akshay at 5% compound interest compounded annually for the same period. Calculate Rohit's profit in the transaction at the end of two years.
Answer» ANSWER :RS 215

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