A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He lends it to another person at 6 ¼%
p.a. for 2 years. Find his gain in the transaction per year.
Answers
Answered by
5
Answer:
Step-by-step explanation:
5000/2*4
6+2
=2500*4
8
10000/8
=1250
Aa le chkk bilkul sahi answer ,
Answered by
8
Answer:
Step-by-step explanation:
P = 5000
T = 2 yr
R = 4%
He has to pay an interest of
SI = PTR/100 = 5000×2×4/100 = ₹400
He lends it to another person.
P = 5000
T = 2 yr
R = 6 1/4 %
He will get an interest of
SI = PTR/100 = 5000×2×(6 1/4)/100 = ₹6250000
His gain = ₹6250000 - ₹400 = ₹6249600
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