Mathematics · Simple and Compound Interest
A borrowed ₹58,000 from B at 8% per annum simple interest for 2 years. He lent the same sum to C at 10% per annum compound interest, compounded annually for 2 years. How much did he earn (in ₹) in the transaction at the end of 2 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12,750
- 22,900✓
- 32,800
- 43,000
Correct answer
2,900
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