If A lends Rs. 4500 to B at 8% per annum and B lends the same sum to C at 10% per annum, find the gain of B in a period of 3 years.

July 27, 2023

510 Views

Question	If A lends Rs. 4500 to B at 8% per annum and B lends the same sum to C at 10% per annum, find the gain of B in a period of 3 years.
Type	multiple_choice
Option	Rs. 220	incorrect
Option	Rs.240	incorrect
Option	Rs. 250	incorrect
Option	Rs.270	correct

Solution

The gain of B will be equal to the difference between the interest which C pays to D and the interest which B pays to A for the amount borrowed.

= 1350 – 1080 = Rs. 270

Take Mock Tests

Government Schemes Mock Test

Political Science Mock Test – 42

History Test – 190

Quantitative Aptitude Test

Data Interpretation - Mock Test

General Awareness - Mock Test

Reasoning Ability - Mock Test

Take Mock Tests