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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 p.a for 2 years. Find his gain in the transaction per year. |
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Answer» 112.50 Rs. Gain in 2 YEARS= Rs.5000 x 25/4 x 2/100-(5000 x 4 x 2)/100 |
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