A person borrows Rs. 5,000 for 2 years
at 4% p.a. simple interest, he immediately
1
lends it to another person at 6-% p.a.
4
simple interest for 2 years. Find his gain in
the transaction per year.
(A) Rs. 112.50
(B) Rs. 150
(C) Rs. 125
(D) Rs. 167.50
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Answer:
gain in 2 years =Rs.[(5000*254*2100)−(5000*4*2100)]
= Rs. (625 - 400)
= Rs. 225
gain in 1 year =Rs.(2252)=112.50
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