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» ANSWER: rs. 381.17 Step-by-step explanation: SIMPLE interest on 20000 at the rate of 10% p.a after 2 years is 20000×2.5×10/100 = rs. 500 compound interest on 20000 at the rate of 10% p.a after 2.5 years C.I= 20000(1+10/100)2.5 -20000 = 25381.17- 20000 =rs 5381.17 His GAIN= 5381.17- 5000 =rs 381.17

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»

rs. 381.17

Step-by-step explanation:

SIMPLE interest on 20000 at the rate of 10% p.a after 2 years is 20000×2.5×10/100 = rs. 500

compound interest on 20000 at the rate of 10% p.a after 2.5 years C.I= 20000(1+10/100)2.5 -20000

= 25381.17- 20000

=rs 5381.17

His GAIN= 5381.17- 5000

=rs 381.17