Mathematics · Interest
S borrowed some amount from R and promised to pay him 8% interest. Then S invested the borrowed amount in a scheme, upon which he earned a profit of 5% after paying R the principal amount with interest. How much percentage would R have gained if he had invested in the scheme directly?
- 114%
- 214.4%
- 313%✓
- 413.4%
Correct answer
13%
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