Answer :
Given,
Principal = Rs.406
Rate = 12
% per annum = 
semi annually
Time = 18 months = 
Hence,
Amount = Principal = Rs.16000
Rate = 17
% = 
Time = 2 years
Hence ,
Interest paid by Amit on this sum = 
Interest that Amit get from Ashu = Compound interest = 
Hence,
Gain of Amit = Rs.(6090 – 5600 ) = Rs. 490
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