# abhishek loaned an amount of rs. 10,000 to aman for 3 years at 8% simple interest p.a. aman loaned this money to puneet for 2 years at 12% compound interest p.a. determine whether aman made a profit or loss through this transaction and by how much?

## abhishek loaned an amount of rs. 10,000 to aman for 3 years at 8% simple interest p.a. aman loaned this money to puneet for 2 years at 12% compound interest p.a. determine whether aman made a profit or loss through this transaction and by how much?

abhishek loaned an amount of rs. 10,000 to aman for 3 years at 8% simple interest p.a. aman loaned this money to puneet for 2 years at 12% compound interest p.a. determine whether aman made a profit or loss through this transaction and by how much? , Aman loaned an amount of Rs. 10,000 to Puneet for 2 years at 12% compound interest p.a. He received back Rs. 13,480 from Puneet at the end of 2 years. Thus, he gained a profit of Rs. 3,480 through this transaction.

## abhishek loaned an amount of rs. 10,000 to aman for 3 years at 8% simple interest p.a. aman loaned this money to puneet for 2 years at 12% compound interest p.a. determine whether aman made a profit or loss through this transaction and by how much?

Aman made a profit of Rs. 1,040 through this transaction

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