Question

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tell the answer with EXPLANATION


A person borrows rs5000 for 2 years at 4percent per annum simple interest.He lends it to another person at 25/4 percent per annum for 2 years. Find his gain in the transaction per year.

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Answer 1

gain in 2 years =Rs.5000*254*2100-5000*4*2100  

= Rs. (625 - 400) 

= Rs. 225 

 gain in 1 year =Rs.2252=112.50

Answer 2

Answer:

112.50

Step-by-step explanation:

According to the given condition,

Gain = (5000 * 25 * 2/400) - (5000 * 4 *  2/100)

        = (250000/400) - (40000/100)

        = 625 - 400

        = 225.

So, Gain for 2 years = 225.

Then, Gain for 1 year = 112.50.

Therefore, Gain in the transaction per year = 112.50.

Hope it helps!