1.

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

Answer»

112.50 Rs.



Gain in 2 YEARS= Rs.5000 x 25/4 x 2/100-(5000 x 4 x 2)/100 
= Rs. (625 - 400)
= Rs. 225.
 Gain in 1 year = Rs.225/2= Rs. 112.50



Discussion

No Comment Found

Related InterviewSolutions