Question

Rockey has lent out 8000 for 5 years

at 15% per nm & borrowed ruppies 6000
for 3 years at 12% per nm, how much
did he gain or loose.

Answer 1

`SI=(P*R*T)/(100)`

`SI=(8000*15*5)/(100)`

`=Rs. 6,000`

Amount =
`8,000+6,000=Rs. 14,000`

Interest =
`Rs. 6,000` Amount =
`Rs. 14,000`

`SI=(P*R*T)/(100)`

`SI=(6000*12*3)/(100)`

`= Rs.2160`

Amount =
`6,000+2,160=Rs.8,160`

Interest =
`Rs. 21,600` Amount =
`Rs.8160`

Gain: 6,000 - 2,160

Gain = Rs. 3,840

hope this helps......