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A person borrows rs 5000 for 2 years at 4% p.a simple interest. He immediately lends it to another person at 6 1/4% p.a for 2 years. Find his gain in the transaction per year
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A person borrows rs 5000 for 2 years at 4% p.a simple interest. He immediately lends it to another person at 6 1/4% p.a for 2 years. Find his gain in the transaction per year

User Shane Lu
by
6.3k points

1 Answer

2 votes

Answer:

Rs1525

Explanation:

61/4%=15.25%

15.25%×5000×2 years=Rs 1525

User Hassan Shahbazi
by
6.8k points
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