Q: A man borrows some money at 3% simple interest per annum and lends – McqOptions

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1.	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-
A.	Rs. 15800
B.	Rs. 18400
C.	Rs. 8000
D.	Rs. 12000
Answer» D. Rs. 12000

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