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CBSE Class 8 Answered

Deepak borrowed rupees 18000 from his friend at the rate of 4% per annum simple interest for 2 years he learnt it to Sanjay at the same rate but compound annually find his gain after 2 years
Asked by singharchna060 | 01 Nov, 2023, 03:25: PM
answered-by-expert Expert Answer
For space Deepak comma
SI equals fraction numerator 18000 cross times 4 cross times 2 over denominator 100 end fraction equals Rs.1440
CI equals 18000 open parentheses 1 plus 4 over 100 close parentheses squared minus 18000
equals 18000 cross times 26 over 25 cross times 26 over 25 minus 18000
equals 19468.80 minus 18000
equals Rs.1468.80
Profit space in space whole space transanction equals Rs. left parenthesis 1468.80 minus 1440 right parenthesis equals Rs. space 28.80
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