Madhur took a loan of Rs. 20000 at 5% SI for 2 years and invested it...

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Madhur took a loan of Rs. 20000 at 5% SI for 2 years and invested it at 4% CI for the same period. What is the gain/loss? 1. Rs. 368 gain 2. Rs. 423 gain 3. Rs. 368 loss 4. Rs. 423 loss 5. None of these Madhur took a loan of Rs. 20000 at 5% SI for 2 years and invested it at 4% CI for the same period. What is the gain/loss? 1. Rs. 368 gain 2. Rs. 423 gain 3. Rs. 368 loss 4. Rs. 423 loss 5. None of these

Answer rating: 100% (QA)

Solution 3 SI I P xr xt100 Formula for CI A P1 j t 100 Sl is simple interest Where A is ... View the full answer