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aman

· started a discussion

· 1 Months ago

188643.0 (Question: 188643.0 )

any short method withoud picking the option

Question:
A man borrows some money at 3% simple interest per annum and lends it to somebody at 5% interest to be compounded annually. By this he makes a profit of Rs. 541 at the end of 3 years. The money he borrowed was –
Options:
A) Rs. 8,000
B) Rs. 6,762
C) Rs. 6,000
D) Rs. 8,070
Solution:
Ans: (a) 


Knowledge Expert

· commented

· 1 Months ago

Dear Student,

You may apply formula directly to get the quick answer as solution given is already short.

Hope you have a great learning with us!!

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