B borrows 5,000 from A at 6% p.a. simple interest and lends it to C – McqOptions

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1.	B borrows 5,000 from A at 6% p.a. simple interest and lends it to C at compound interest of 10% p.a. If B collects the money back from C after 2 years and repays A, the profit made by B in the transaction is
A.	1,050
B.	500
C.	450
D.	600
Answer» D. 600

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