Question
A man borrows Rs. 60,000 from the bank at 9% per annum.
He lends Rs. 25,000 at 16% per annum and the rest at 14% per annum to two different clients for a year. Calculate his net gain or loss after one year.Solution
ATQ, For the borrowed amount 
For the amount lent at 16%: 
For the amount lent at 14%: 
Total Return :- 29000 + 39900 = 68900 Net profit: Profit = 68900 − 65400 = 3500 The man makes a profit of Rs. 3500.
Slice, a financial technology company will merge with which small finance bank after getting approval from the Reserve Bank of India (RBI) in order to h...
The Sanskrit and Maithili translations of the Indian Constitution were launched during the 75th anniversary of which event?
Which Indian movie has been nominated for the Best Documentary Short in Oscar Awards 2023?
What are the scheduled dates for the 2026 Asian Games in Aichi and Nagoya, Japan?
_________ sold shares of Nippon Life India Asset Management through block deals valued at ₹795 crore representing a 2.86% stake in the asset managem...
Where was the "Tata Airbus C295" manufacturing facility recently inaugurated?
Which state recently signed an MoU with Google to integrate AI-driven governance into its administration?
Recently, the traditional artisans of 'Kutch Ajrakh' were awarded the Geographical Indication (GI) certificate. Which state in India is associated with ...
Which of the following public sector bank announced to work with Russian banks to open a special rupee vostro account (SRVA) for invoicing in Indian cur...
What challenge continues to delay the finalization of the New Collective Quantified Goal (NCQG) for climate finance?
Relevant for Exams:
