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
- The Indian Parliament is bicameral in nature. Which of the following is the upper house?
- Select the INCORRECT option with reference to the Chipko Andolan.
- Who was the founder of the Kanva dynasty?
- To which theory of conservation is related the first law of thermodynamics ?
- Recently Goods and Services Tax network has been included to the account aggregator (AA) network as a financial information provider (FIP) to facilitate ca...
- The Axiom-4 (Ax-4) mission, recently seen in the news, comprises astronauts from which of the following countries?
- Which of the following countries do not share boundaries with Syria?
- Which of the given statement is true.
- A series of compounds in which the same functional group substitutes for hydrogen in a carbon chain is called __________.
- “Order of Logohu” is the highest civilian award of which country?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
