Question

    A took a loan of Rs.4450 at simple interest of 10% p.a. and invested the same money in a scheme at simple interest of 20% p.a. Find the profit earned by A at the end of 3 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 = (4450 × 3 × 10)/100 = Rs.1335 Interest received by A from the scheme = (4450 × 3 × 20)/100 = Rs.2670 Profit = 2670 – 1335 = Rs.1335

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