Question

Gaurav borrowed Rs. 40000 from a bank at the simple interest of 10% p.a for 2 years. He lent some of this borrowed amount to his friend Shubham at the compound interest of 20% p.a for same period of time. If Gaurav earned Rs. 3000 from whole of this transaction, then find the amount lent to Shubham.

A 25000
B 20000
C 30000
D 15000
E None of the above
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