Sanjay borrowed rs 3000 from a bank at 9% per annum for 2years .He len

1.	Sanjay borrowed rs 3000 from a bank at 9% per annum for 2years .He lent this sum of money to Manoj at 12% per annum for the same period .How much did Sanjay gain in this transaction?
Answer» Sanjay return 3540 Rs to bank after 2 years. Sanjay take 3720 Rs to MANOJ after 2 years. So he gain = 3540 - 3720 = 180 Rs

Sanjay borrowed rs 3000 from a bank at 9% per annum for 2years .He lent this sum of money to Manoj at 12% per annum for the same period .How much did Sanjay gain in this transaction?

Answer»

Sanjay return 3540 Rs to bank after 2 years.

Sanjay take 3720 Rs to MANOJ after 2 years.

So he gain = 3540 - 3720

= 180 Rs

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Sanjay borrowed rs 3000 from a bank at 9% per annum for 2years .He lent this sum of money to Manoj at 12% per annum for the same period .How much did Sanjay gain in this transaction?

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