Rohit borrows Rs 86000 from Arun for 2 yrs at 5%pa si Heimmediately lends out this moneyto Akshay at 5%ci - Maths -

Question

Rohit borrows Rs 86000 from Arun for 2 yrs at 5%pa si Heimmediately
lends out this moneyto Akshay at 5%ci compounded annually for the
same period Calculate Rohits profit in the transaction at the end
of 2 yrs

Lovina Kansal · Accepted Answer

Dear student
1st Case S I
 CaseP=Rs 86000, T=2 years, R=5% p a
∴Interest Rohit has to pay=S I
=Rs 86000×5×2100=Rs8600Amount at the end of 2cyears=Rs(86000+8600)=Rs946002nd Case(C
I  Case0P=Rs 86000, n=2 years,r=5% p a
Akshay's Interest:∴A=P1+r100n=860001+51002=86000×2120×2120=Rs 94815∴Rohit's profit=Rs 94815-Rs94600=Rs215
Regards

Rohit borrows Rs 86000 from Arun for 2 yrs at 5%pa si.Heimmediately lends out this moneyto Akshay at 5%ci compounded annually for the same period.Calculate Rohits profit in the transaction at the end of 2 yrs