A person has deposited Rs. 13200 in a bank which pays 14% interest. He withdraws

Question

A person has deposited Rs. 13200 in a bank which pays 14% interest. He withdraws the money and invests in Rs. 100 stock at Rs. 110 which pays a dividend of 15%. How much does he gain or lose ?

Options:

A . Loses Rs. 48

B . Gains Rs. 48

C . Loses Rs. 132

D . Gains Rs. 132

Answer: Option A

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