1.

He lent this sum of thewo. Vivek borrowed 3 30000 from a bank at 9% p.a. for 4 years. He lent this suTanuj at 12% p.a. for the same period. How much did Vivek gain in this trans

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



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