vikram borrow rs. 20000 from a bank at 10 percent interest. He lent to his friend venkat at sane rate but compounded annually. find his gain after 2(1/2)years

vikram borrow rs. 20000 from a bank at 10 percent interest. He lent to

1.	vikram borrow rs. 20000 from a bank at 10 percent interest. He lent to his friend venkat at sane rate but compounded annually. find his gain after 2(1/2)years
Answer» <html><body><p><strong><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a>:</strong></p><p>rs. 381.17</p><p><strong>Step-by-step explanation:</strong></p><p><a href="https://interviewquestions.tuteehub.com/tag/simple-1208262" style="font-weight:bold;" target="_blank" title="Click to know more about SIMPLE">SIMPLE</a> interest on <a href="https://interviewquestions.tuteehub.com/tag/20000-289744" style="font-weight:bold;" target="_blank" title="Click to know more about 20000">20000</a> at the rate of 10% p.a after 2 years is 20000×2.5×10/100 = rs. 500</p><p>compound interest on 20000 at the rate of 10% p.a after 2.5 years C.I= 20000(1+10/100)2.5 -20000</p><p>= 25381.17- 20000</p><p>=rs 5381.17</p><p>His <a href="https://interviewquestions.tuteehub.com/tag/gain-469945" style="font-weight:bold;" target="_blank" title="Click to know more about GAIN">GAIN</a>= 5381.17- 5000</p><p>=rs 381.17</p></body></html>