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Q:

A man borrows some money at 3% simple interest per annum and lends it to somebody at 5% interest to be compounded annually. By this he makes a profit of Rs.541 at the end of 3 years. The money he borrowed was-

  • 1
    Rs. 15800
  • 2
    Rs. 18400
  • 3
    Rs. 8000
  • 4
    Rs. 12000
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Answer : 3. "Rs. 8000 "

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