ICSE Class 9 Answered
Hovind borrow RS18000 at 10% somple intrest. He immediately invest theoney borrowed at 10% compound intrest compound half yearly. How much money does govind gain in one year ?
Asked by guntassandhu10 | 10 Dec, 2023, 07:35: AM
Expert Answer
For SI, P = Rs. 18000, T = 1 year, R = 10%
For CI,
CI = A - P = Rs. 19845 - Rs.18000 = Rs. 1845
Gain = Ci - SI = Rs. 1845 - rs. 1800 = rs. 45
Answered by Rashmi Khot | 11 Dec, 2023, 11:20: AM
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