Question

John borrowed some money from Alex at 10% simple interest per annum. He lended this money to Shaun at 20% compound interest per annum, and made a profit of Rs. 33680 in 4 years. Find the amount that John borrowed?

A Rs. 72000

B Rs. 80000

C Rs. 60000

D Rs. 50000

E None of these

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Question

John borrowed some money from Alex at 10% simple interest per annum. He lended this money to Shaun at 20% compound interest per annum, and made a profit of Rs. 33680 in 4 years. Find the amount that John borrowed?

Solution

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