📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    ⚡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug ⚡ Enroll Now

    Question

    A took a loan of Rs.4880 at simple interest of 25% p.a.

    and invested the same money in a scheme at simple interest of 35% p.a. Find the profit earned by A at the end of 3 years.
    A Rs.1596 Correct Answer Incorrect Answer
    B Rs.1148 Correct Answer Incorrect Answer
    C Rs.1464 Correct Answer Incorrect Answer
    D Rs.1082 Correct Answer Incorrect Answer

    Solution

    Interest paid by A = (4880 × 3 × 25)/100 = Rs.3660 Interest received by A from the scheme = (4880 × 3 × 35)/100 = Rs.5124 Profit = 5124 – 3660 = Rs.1464

    Practice Next

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call