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HDFC lends 1 million to HUDCO at 10% sim...

HDFC lends 1 million to HUDCO at `10%` simple interest p.a. for 2 years and HUDCO lends the same amount to SAHARA STATES HOUSING corporation at `10%` p.a. of compound interest for 2 years What is the earning, of HUDCO in this way ?

A

Rs. 133100

B

Rs. 33100

C

Rs. 131000

D

no profit no loss

Text Solution

Verified by Experts

The correct Answer is:
C
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ARIHANT SSC-CI/SI/INSTALMENTS-EXERCISE (LEVEL - 2)
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  15. Shyam Lal takes a loan of Rs. 10500 at 10% p.a. compounded annually wh...

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  16. Hari Lal and Hari Prasad have equal amounts. Hari Lal invested all his...

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  17. The annual sales of a company in the year 2000 was Rs. 1000 and in the...

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  18. HDFC lends 1 million to HUDCO at 10% simple interest p.a. for 2 years ...

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  19. ICICI lent ₹ 1 lakh to captain Ram Singh @ 6% per annum of simple inte...

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