engineering recuitment MAHATRANSCO AE Electrical Mock Test Quantitative Aptitude Interest Simple Interest
Rahul borrowed some amount of money from the bank at 15% simple interest for 3 years, but after borrowing the money he lent it to Bikram at 20% compound interest for the same period of time. In this way, he gained a profit of Rs. 556. What was the amount he borrowed from the bank?
1
Rs. 1250
2
Rs. 1400
3
Rs. 2000
4
Rs. 1550
5
Rs. 2050