MCQ Practice

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 ?

A

Loses Rs. 48

B

Gains Rs. 48

C

Loses Rs. 132

D

Gains Rs. 132

Correct Answer: A