Question

A took a loan of Rs.5680 at simple interest of 30% p.a. and invested the same money in a scheme at simple interest of 40% p.a. Find the profit earned by A at the end of 2 years.

A Rs.1335 Correct Answer Incorrect Answer
B Rs.1104 Correct Answer Incorrect Answer
C Rs.1136 Correct Answer Incorrect Answer
D Rs.1396 Correct Answer Incorrect Answer

Solution

Interest paid by A = (5680 × 2 × 30)/100 = Rs.3408 Interest received by A from the scheme = (5680 × 2 × 40)/100 = Rs.4544 Profit = 4544 – 3408 = Rs.1136

Practice Next

Relevant for Exams:

×
×