Interest

Solve the question of and select the option from the choices A through D/E. Check your Answer and view the explanation.

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

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We need to calculate the profit of B. It will be,

Simple Interest on the rate B lends - Simple Interest on the rate B gets

Gain of B = $\frac{3500 × 11.5 × 3}{100}$ − $\frac{3500 × 10 × 3}{100}$ = 157.50