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1 vote
Rockey has lent out 8000 for 5 years

at 15% per nm & borrowed ruppies 6000
for 3 years at 12% per nm, how much
did he gain or loose.

1 Answer

3 votes


SI=(P*R*T)/(100)


SI=(8000*15*5)/(100)


=Rs. 6,000

Amount =
8,000+6,000=Rs. 14,000

Interest =
Rs. 6,000 Amount =
Rs. 14,000


SI=(P*R*T)/(100)


SI=(6000*12*3)/(100)


= Rs.2160

Amount =
6,000+2,160=Rs.8,160

Interest =
Rs. 21,600 Amount =
Rs.8160

Gain: 6,000 - 2,160

Gain = Rs. 3,840

hope this helps......

User Jabbie
by
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