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Ram gives Rs.40,000 to Shayam at 10% annual compound interest for two years. Shayam gives that money received from Ram to Pawan at 15% annual compound interest. Two year later Shayam receive his due amount from Pawan, And Shayam gives due amount to Ram, What amount left with Shayam after 2 years?

Ram gives Rs.40,000 to Shayam at 10% annual compound interest for two years. Shayam gives that money received from Ram to Pawan at 15% annual compound interest. Two year later Shayam receive his due amount from Pawan, And Shayam gives due amount to Ram, What amount left with Shayam after 2 years? Correct Answer Rs.4,500

Given:

Ram gives Rs.40,000 to Shayam at 10% annual compound interest for 2 years

Shayam gives Rs.40,000 to Pawan at 15% annual compound interest for 2 year

Concept:

A = P × (1 + R/100)T

A = Final amount

P = Initial amount

R = Rate of interest

T = Time

Calculation:

After 2 year Shayam pay amount to Ram = 40000 × (1 + 10/100)2

⇒ 40000 × (11/10) × (11/10)

⇒ Rs.48,400

After 2 year Pawan pay amount to Shayam = 40000 × (1 + 15/100)2

⇒ 40000 × (23/20) × (23/20)

⇒ Rs.52,900

Amount left with Shayam after 2 years = 52900 – 48400

⇒ Rs.4,500

∴ Rs.4,500 left with Shayam after 2 years.

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