A bank is giving loans at the rate of 10% simple Kumar asked for a loan at 8%

A bank is giving loans at the rate of 10% simple Kumar asked for a loan at 8%. After verification, the bank sanctioned his loan at the rate he asked as the bank is getting an interest twice as much as it gets on Rs. 40,00,000/- at the rate of 10%. What amount did Kumar take ? (in lakhs of rupees)

  1. 100
  2. 90
  3. 200
  4. 180
Anurag Mishra Professor Asked on 19th April 2016 in Maths.
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1 Answer(s)

Answer: (1) 100 

Anurag Mishra Professor Answered on 20th May 2016.
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