Mathematics · Interest
Vishal borrows Rs. 2,500 from Shashank at 4% per annum simple interest and lends it to Abhishek at 8% per annum compound interest, compounded annually. If Vishal collects the money back from Abhishek after 2 years and repays Shashank, what is the profit made by Vishal in this transaction?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 220
- 2Rs. 212
- 3Rs. 218
- 4Rs. 216✓
Correct answer
Rs. 216
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