Question:
A person borrows Rs. 5000 for 2 years at 4%
p.a. simple interest. He immediately lends it
to another person at 25/4 p.a for 2 years. Find
his gain in the transaction per year.
A) Rs 112.50
B) Rs 125
C) Rs 150
D) Rs 167.50
Answer A) Rs 112.50
Explanation:
A person borrows Rs. 5000 for 2 years at 4%
p.a. simple interest. He immediately lends it
to another person at 25/4 p.a for 2 years. Find
his gain in the transaction per year.
A) Rs 112.50
B) Rs 125
C) Rs 150
D) Rs 167.50
Answer A) Rs 112.50
Explanation:
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