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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.

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.
QuestionIf 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.
Typemultiple_choice
OptionRs. 220incorrect
OptionRs.240incorrect
OptionRs. 250incorrect
OptionRs.270correct
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

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