A) Rs.55 gain
B) Rs.30 profit
C) Rs.30 loss
D) Rs.30 profit
Correct Answer: A
Solution :
Principal Rs. 1950. Rate = 10% per annum S. I. \[=\frac{\text{Principal}\times \text{Time}\times \text{Rate}}{100}\] \[=\frac{1950\times 1\times 10}{100}=Rs.195\] \[\therefore \] Amount \[=Rs.\,(1950+195)\] \[=\text{ }Rs.2145\] \[\therefore \] Required profit \[=Rs.\,(2200-2145)\] \[=Rs.\,55\]You need to login to perform this action.
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