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 |
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