Mathematics, 02.02.2021 17:50, cxttiemsp021

A businessman borrowed a sum of money at the rate of 5% simple interest for 2 years and immediately he lent it in compound interest compounded annually at the same rate for the same duration of time. In this
transaction if he gained Rs 50, find the sum borrowed.

Answers: 3

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A businessman borrowed a sum of money at the rate of 5% simple interest for 2 years and immediately he lent it in compound interest compounded annually at the same rate for the same duration of time. In thistransaction if he gained Rs 50, find the sum borrowed.

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A businessman borrowed a sum of money at the rate of 5% simple interest for 2 years and immediately he lent it in compound interest compounded annually at the same rate for the same duration of time. In this
transaction if he gained Rs 50, find the sum borrowed.