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Amita borrowed Rs. 7500 for 3 years at 8% p.a. simple interest. She lent it to Anju at 12% p.a for 3 years. Find her profit after 3 years.1. Rs. 3252. Rs. 9003. Rs. 4254. Rs. 630 |
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Answer» Correct Answer - Option 2 : Rs. 900 Given: Amita borrowed ( Principal ) = 7500 Rate = 8% Time = 3 years She lent it to Anju, Rate = 12% Time = 3 years Concept used: Simple interest = (Principal × Rate × Time)/100 Calculations: Simple interest in 3 years ⇒ (7500 × 12 × 3)/100 – (7500 × 8 × 3)/100 ⇒ 2700 – 1800 = 900 Profit in 3 years = Rs. 900 ∴ The profit is Rs. 900 |
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