A man borrowed some money from a private organisation at 5% simple int – McqOptions

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1.	A man borrowed some money from a private organisation at 5% simple interest per annum. He lended 50% of this money to another person at 10% compound interest per annum and thereby the man made a profit of Rs. 3,205 in 4 years. The man borrowed.
A.	Rs. 80,000
B.	Rs. 1,00,000
C.	Rs. 1,20,000
D.	Rs. 1,50,000
Answer» C. Rs. 1,20,000

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