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M: +1.00/-0.00

A person borrowed Rs. 2000 at 5% per annum simple interest and immediately lent it at 6% per annum simple interest. At the end of 2 1/2 yr he collected the amount and settled his loan. What was his profit?

 

[IBPS CLERK 2015 PATTERN BASED]
A
B
C
D
E
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