Question

A person borrows tk. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another
person at 6.25% p.a for 2 years. Find his gain in the transaction per year?(With Details)

Answer 1

Step-by-step explanation:

Answer:   A) Rs. 112.50 

Explanation:

 gain in 2 years =Rs.[(5000*254*2100)−(5000*4*2100)]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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