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Rohith borrows Rs. 86,000 from Arun for 2 years at 5% per annum simple interest. He immediately invests lends out this money to Akshay at 5% compound interest compounded annually for the same period. Calculate Rohith's profit in the transaction at the end of 2 years. ? |
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Answer» Rohith borrows Rs. 86,000 from Arun for 2 years at 5% per annum simple interest. He immediately invests lends out this money to Akshay at 5% compound interest compounded annually for the same period. Calculate Rohith's profit in the transaction at the end of 2 years. ? |
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