Question 1:

If A lends Rs. 3500 to B at 10% p.a. and B lends the same sum to C at 11.5% p.a., then the gain of B (in Rs.) in a period of 3 years is

A. Rs. 154.50

B. 155.50

C. 156.50

D. 157.50

Feedback Gain of B = 3500×11.5×3/100-3500×10×3/100
B = Rs. 157.50

These questions are from this test. Would you like to take a practice test?

Simple Interest Online Test 1 | Englishfreetest.com

Name: Englishfreetest.com
Rating: 4,8 (1860 reviews)

Some questions from the same exam