2. Vivek borrowed + 30000 from a bank at 9% pa for 4 years. He lent th

1.	2. Vivek borrowed + 30000 from a bank at 9% pa for 4 years. He lent this sum of meerTanuj at 12% pa for the same period. How much did Vivek gain in this transaction
Answer» Interest Vivek has to pay = (PIR)/100=(3000094)/100=10800Interest Tanuj has to pay to Vivek = (30000124)/100 = 14400 Gain = 14400 - 10800 = 3600

2. Vivek borrowed + 30000 from a bank at 9% pa for 4 years. He lent this sum of meerTanuj at 12% pa for the same period. How much did Vivek gain in this transaction

Answer»

Interest Vivek has to pay = (P*I*R)/100=(30000*9*4)/100=10800Interest Tanuj has to pay to Vivek = (30000*12*4)/100 = 14400

Gain = 14400 - 10800 = 3600