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- A person borrows Rs.
Question 1:
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 614 p.a for 2 years.Find his gain in the transaction per year
A. Rs. 112.50
Feedback gain in 2 years =Rs.[(5000*254*2100)−(5000*4*2100)]
= Rs. (625 - 400)
= Rs. 225
gain in 1 year =Rs.(2252)=112.50
= Rs. (625 - 400)
= Rs. 225
gain in 1 year =Rs.(2252)=112.50
B. Rs. 150.50
C. Rs. 167.50
D. Rs. 200
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