A borrows an amount Rs3 600 from B at a rate of 20 simple interest for 2 years and lends 75 of this ...........

Quantitative Aptitude (MTS) Simple Interest

A borrows an amount Rs3,600 from B at a rate of 20% simple interest for 2 years and lends 75% of this amount to C at 20% compound interest for 2 years. A uses the remaining amount for his personal purpose. Find the total loss incurred by A.

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SSC MTS 12th July 2022 Shift-2

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Rs928

Rs852

Rs1,152

Rs1,024

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Explanation:

Correct option 3: Rs.1152
Simple interest on loan from B = P x R x T/100
= 3600 x 20 x 2/100
= Rs. 1,440
Amount lent to C = 75% of Rs.3,600= Rs. 2,700
Compound interest on amount lent to C = P x [(1 + R/100) - 1] = 2700 × [(1 + 20/100)2 - 1]
= 2700 x 11/25
= 1188
Total loss incurred By A = 1440 - 1188 +amount for his personal Purpose.
=1440 - 1188 + 25% of 3600
=1440 -1188 + 900
=1152