Rocky lends $3000 to Ken at 10% per annum and the Ken lends the same sum to like at 12% per annum. Find kens gain over a period

1 answer:

6 0

Let t = time

Between Rocky and Ken:

3000 + 3000(.10)(t)

Between Ken and Mike:

3000 + 3000(.12)(t)

Kens gain = The difference

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