10. The simple interest on a certain sum of money for 3 years at p.a. is Rs 13,500.What will be the compound interest on the same sum at the same rate for the same time period, compounded annually?
13. Abhay borrowed Rs 62,500 from a bank at 8% p.a. for 2 years on simple interest. On the same day, he lent it to Akshay at the same rate and for the same time, but compounded annually. How much does he gain at the end of 2 years?
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For remaining queries we request you to post them in separate threads to have rapid assistance from our experts.
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