Multiple choice

Mr. Bajaj borrowed Rs. 25,000 from bank at the rate of 12% simple interest. He gave Rs. 10,000 to Ambani at 10% simple interest and Rs. 15,000 to Mittal at 15% simple interest. After 1 year, how much profit (in Rs.) will Bajaj get?

  1. 150

  2. 200

  3. 250

  4. 100

  5. 500
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Interest paid by Bajaj = 25000 * 0.12 = 3000. Interest received = 10000 * 0.10 + 15000 * 0.15 = 1000 + 2250 = 3250. Profit = 3250 - 3000 = 250.

AI explanation

Bajaj's interest payable to the bank is found using the simple interest formula: (25000 x 12 x 1) / 100 = Rs. 3000. The interest he earns from Ambani is (10000 x 10 x 1) / 100 = Rs. 1000, and the interest he earns from Mittal is (15000 x 15 x 1) / 100 = Rs. 2250. His total earnings are Rs. 1000 + Rs. 2250 = Rs. 3250. His profit is his earnings minus his payable interest: Rs. 3250 minus Rs. 3000 equals Rs. 250. The correct answer is 250.

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