Question 69

Aman lends Rs.1,00,000 to Raghu at a rate of 20% compounded annually. At the same time, Ram lends Rs. 1,00,000 to Aman at a rate of 15% simple interest. Find the net profit for Aman, if both Raghu and Aman pay back the entire amount after 3 years.

Name: Aman lends Rs.1,00,000 to Raghu at a rate of 20% compounded annually. At the same time, Ram lends Rs. 1,00,000 to Aman at a rate of 15% simple interest. Find the net profit for Aman, if both Raghu and Aman pay back the entire amount after 3 years.
Uploaded: 2026-04-04T12:28:27.480357+05:30
Duration: 4 min 7 s
Description: Aman lends Rs.1,00,000 to Raghu at a rate of 20% compounded annually. At the same time, Ram lends Rs. 1,00,000 to Aman at a rate of 15% simple interest. Find the net profit for Aman, if both Raghu and Aman pay back the entire amount after 3 years.

Solution

Total amount paid back by Raghu to Aman = $$100000\left(1.2\right)^3=172800$$

Total amount paid back by Aman to Ram = $$100000\left(1+3\times\frac{15}{100}\right)=100000\left(1.45\right)=145000$$

Hence, the net profit of Aman is 172800-145000 = Rs. 27800

Hence, the answer is Rs. 27800.

Was this solution helpful?

Get AI Help

Video Solution

View More Questions From Profit, Loss, and Interest

Create a FREE account and get:

Download Maths Shortcuts PDF
Get 300+ previous papers with solutions PDF
500+ Online Tests for Free

MAHCET Quant Questions | MAHCET Quantitative Ability

MAHCET DILR Questions | LRDI Questions For MAHCET

MAHCET Verbal Ability Questions | VARC Questions For MAHCET

Free MAHCET Quant Questions

Book Free CAT Mentorship

Get personalized CAT strategy from a 99%iler

500+ students mentored

Phone Number

Preferred Time