Math, asked by bmdp0082, 10 months ago

A person borrows Rs.5000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 6.25% per annum for 2 years.Find his gain in the transaction per year .

Answers

Answered by ashellejeema

4

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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