Mathematics
Rohit writes a letter to four of his friends. He asks each one of them to copy the letter and mail to four different persons with the instructions that they move the chain similarly. Assuming that the chain is not broken and that it costs ₹ 10 to mail one letter, determine the amount spent on postage when the fourth set of letters is mailed.
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Richard borrows ₹ 10,000 from his friend Ramesh. Ramesh asks him to return the money just by repaying ₹ 10 at first day and double the amount in the subsequent days than the each previous day continuously for 10 days. Richard thanks Ramesh for his help. Determine whether Ramesh was in loss or profit.