person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He imm – InterviewSolution

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1.	person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 614614 p.a for 2 years. Find his gain in the transaction per year?
Answer» Rs.112.50Explanation:Gain in 2 YEARS =Rs.[(5000×254×2100)−(5000×4×2100)] =Rs.(625−400)=Rs.225∴Gain in 1 year=Rs.(2252)=Rs.112.50

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