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# ICSE Class 9 Answered

Rohit borrows ₹ 62500 from Arun for 2 years at 10% pper annum,  simple interest. He immediately lends out  sum to Kunal at 10% per annum for the same period, compounded annually. Calculate Rohit's profit in the transaction at the end of two years.
Asked by zimmylalwani9363.9sdatl | 03 May, 2020, 11:35: AM
Expert Answer
Here, P=62500, N=2 yrs, R=10%
S.I. = PNR/100 = (62500 x 2 x 10)/100 = 12500
Rohit lents out Rs. 62,500, n = 2 yrs, r = 10%
Answered by Renu Varma | 03 May, 2020, 11:27: PM

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