Banner 0
Banner 1
Banner 2
Banner 3
Banner 4
Banner 5
Banner 6
Banner 7
Banner 8
Banner 9

Q.

A person borrowed Rs. 10,000 from a money lender. for 2 years at Compound interest.The money lender  gives two options. The first is at 5% per anuum C.I. and second option is 3% on first year and 2% on second year. Which is profitable to the money lender?

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.
An Intiative by Sri Chaitanya

a

II

b

I

c

Both are same

d

Can’t  say

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

JEE

NEET

NEET

Foundation JEE

Foundation JEE

Foundation NEET

Foundation NEET

CBSE

CBSE

Detailed Solution

P=10000

I                                                             II

5%CI                        3%CIIstyear

5+5+5×5100            2%CI2ndyear

10.25%  profitable                  3+2=5% profitable

I is profitable.

Watch 3-min video & get full concept clarity
score_test_img

courses

No courses found

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Get Expert Academic Guidance – Connect with a Counselor Today!

best study material, now at your finger tips!

  • promsvg

    live classes

  • promsvg

    progress tracking

  • promsvg

    24x7 mentored guidance

  • promsvg

    study plan analysis

download the app

gplay
mentor

Download the App

gplay
whats app icon
personalised 1:1 online tutoring
A person borrowed Rs. 10,000 from a money lender. for 2 years at Compound interest.The money lender  gives two options. The first is at 5% per anuum C.I. and second option is 3% on first year and 2% on second year. Which is profitable to the money lender?