Mathematics · Simple Interest
A shopkeeper borrows ₹9,000 from a bank at 7% simple interest for 3 years. He then lends this money to a customer at 5% simple interest for the same period. What is the total loss (in ₹) incurred by the shopkeeper?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹540✓
- 2₹600
- 3₹700
- 4₹450
Correct answer
₹540
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