A) Rs. 250
B) Rs. 330
C) Rs. 450
D) Rs. 340
E) None of these
Correct Answer: B
Solution :
Explanation Option [b] is correct. Interest on the amount he borrows for two years = \[\frac{2750\times 12\times 2}{100}=Rs\,\,660\] Interest on the amount he lends to his friend for two years = \[\frac{2750\times 18\times 2}{100}=Rs\,\,990\] The difference in the interest \[=990-660=Rs.\text{ }330\]You need to login to perform this action.
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