Question

A man borrows 5000 for 2 years at 4% pa, simple interest. He lenda it to another person at 6 p.
for 2 years. Find his gain in the transaction per year.​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

$si = \frac{prt}{100}$

$\frac{5000 \times 2 \times 4}{100}$

$\frac{50 \times 8}{1}$

$= 400$

$therefore \: his \: gain \\ \: is \: rupees \: 400$

Step-by-step explanation:

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