A person borrows rs. 5000 for 2 years at 4% p.A. Simple interest. He immediately lends it to another person at 6 p.A for 2 years. Find his gain in the transaction per year.
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Answered by
39
★ Borrowed by Other Person
SI = PRT/100
SI = 5000*4*2 /100
SI = 400
★ Lend to Other Person
SI = PRT /100
SI = 5000*6*2 /100
SI = 600
Gain of 2 yrs = 600 - 400
= 200
Gain of 1 Yr = 200/2
= 100
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Answered by
6
Gain per Year is Rs 100
thnQe you
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