Question

A person borrowed Rs 1,600 at simple
interest of 4.5% per annum and gives that
sum as loan on compound interest of 5%
per annum. What profit he will gain at
the end of 3 years?
(1) Rs 56.60 (2) Rs 47.50
(3) Rs 36.20
(4) Rs 31.75​

Answer 1

Step-by-step explanation:

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