Math Is Fun Forum

jainujames

Guest

interest from Bank

sir,
if we borrow money (about $ 1000) from bank interest rate=(10%)100 for year.after that we invest $1000 in  another bank we get 15% int for that ie, =150yearly .we  want to pay 100 int for loan..we get 150 int  for investment.50= profit..sir is it possible?...

Bob

Administrator

Registered: 2010-06-20

Posts: 10,643

Re: interest from Bank

hi jainujames

Welcome to the forum.

Is it possible?  Yes.  Is it likely?  No. Why wouldn't the first bank do this for themselves and cut you out of the deal? 

Always read the small print.  Perhaps there's a catch such as if you're one day over on the repayment they charge 1000% per day.  Or you've sold your daughter into slavery. 

Bob

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Children are not defined by school ...........The Fonz
You cannot teach a man anything;  you can only help him find it within himself..........Galileo Galilei
Sometimes I deliberately make mistakes, just to test you!  …………….Bob