8th Class
Mathematics
Related to Competitive Exam
Question Bank
Self Test-8
question_answer
Thomas needs some money for the construction work of his house and he does not have enough money for this work. He decides to lend the money from the money lender. He borrows Rs. 2750 at the rate of 12% and lend the same amount to his friend at the rate of 18% per annum as he decides to postpone his work for some time because his friend needs the amount urgently. His friend pays him back the amount after two years and he returns the due amount to the money lender. The amount of money he earns form this transaction is: