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Question

Ronit borrows Rs.86000 from Akshay for 2 years at 5% per annum simple interest He immediately lends out to Akshay at 5% compound interest compounded annually for the same period. Calculate Ronit’s profit in the transaction at the end of 2 years.


A

Rs.220

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B

Rs.215

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C

Rs.210

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D

Rs.218

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E

Rs.216

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