If one borrowed Rs.4000 at Rate 10% andlent it to another at Rate 14%,

1.	If one borrowed Rs.4000 at Rate 10% andlent it to another at Rate 14%, what will behis monthly income?17.2. Rs. 15.504. Rs. 13.351. Rs. 103. Rs. 12.40
Answer» We know,SI = PRT/100 To calculate monthly income for given scenarioP = 4000, R = 14 - 10 = 4%,T = 1/12 SI = (400041)/(12*100) = 160/12 = 13.35 (4) is correct option

If one borrowed Rs.4000 at Rate 10% andlent it to another at Rate 14%, what will behis monthly income?17.2. Rs. 15.504. Rs. 13.351. Rs. 103. Rs. 12.40

Answer»

We know,SI = P*R*T/100

To calculate monthly income for given scenarioP = 4000, R = 14 - 10 = 4%,T = 1/12

SI = (4000*4*1)/(12*100) = 160/12 = 13.35

(4) is correct option