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

    Question

    A woman borrows Rs. 80,000 from a bank at 8% per annum.

    She invests Rs. 30,000 of it in a business at 12% per annum and the rest at 10% per annum. Calculate her net profit or loss after one year.
    A Rs.3400 Correct Answer Incorrect Answer
    B Rs.3300 Correct Answer Incorrect Answer
    C Rs.2200 Correct Answer Incorrect Answer
    D Rs.3440 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, For the borrowed amount For the amount invested in business For the remaining amount:- Total return: 33600 + 55000 = 88600 Net profit: Profit = 88600 − 86400 = 2200 Therefore, The woman makes a profit of Rs.2200

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question