Ten > Compound Interest
Asked by Basanta ยท 2 years ago

A money-lender borrows a certain sum of money at 3$\rm \%$ per annum simple interest and invests the same sum at 5$\rm \%$  per annum compound interest (Compounded annually). After 3 years he makes a profit of Rs 1082. 

  1.  Find the amount he borrowed. 
  2.  Find the annual compound interest.
  3.  Find the simple interest. 
  4. Find the gain percent of the money lender.
     

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