a Man borrows a sum of rupees 5000 at 4% per annum for 2 years at the same time he invest the money at the rate of 60 to 1 upon 4 person to another person for two years what is his profit per year
Answers
Answered by
1
Answer: A) Rs. 112.50
Explanation:
gain in 2 years =Rs.[(5000*254*2100)−(5000*4*2100)]
= Rs. (625 - 400)
= Rs. 225
gain in 1 year =Rs.(2252)=112.50
Similar questions