Question

A person borrowed Rs. 50,000 at a rate of 12% per annum for one year. He then lent it out as two separate loans to D and E. He lent Rs. 20,000 to D at 20% per annum for a year and the remainder to E at 18% per annum for the same period. Calculate the total profit or loss from the transaction after a year.

A Rs.3400
B Rs.3300
C Rs.2400
D Rs.3440
E none of these
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