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.
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.More ESIC Part B Questions
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