question_answer

A person borrowed Rs. 5,500 from a money lender at the rate of 24% per annum simple interest. He lent this amount to his friend at the rate of 36% per annum simple interest. After two years he collected the amount due to the money lender. The amount he thus earned is

A)  Rs. 1,250

B)  Rs. 1,300

C)  Rs. 1,320          

D)         Rs. 1,350