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A borrowed Rs.720 from B at 8% simple interest for 3 years and lent same to C at 21/2 % simple interest for 2 years...

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A borrowed Rs.720 from B at 8% simple interest for 3 years and lent the same sum to C at 21/2 % simple interest for 2 years.
What is the profit or loss for A in whole transaction?

posted Apr 1, 2016 by anonymous

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1 Answer

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Rs 21.6 loss

Loss is 8%*3=24%,
Gain is 21/2%*2=21%
Difference is 24-21=3% loss
720*3%=21.6 Rs

answer Jul 28, 2018 by Hanifa Mammadov



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