Question

    S borrowed some amount from R and promised to pay him 8%

    interest. Then S invested the borrowed amount in a scheme, upon which he earned a profit of 5% after paying R, the principal amount with interest. How much percentage R would have gained, if he would have invested in the scheme directly?
    A 13.4% Correct Answer Incorrect Answer
    B 13% Correct Answer Incorrect Answer
    C 14.4% Correct Answer Incorrect Answer
    D 14% Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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