Q55
A person borrows Rs. 5000 for 2 year at 4% p.a. simple interest. He immediately lends it to another person at 61/4 % p.a. for 2 years. Find his gain in the transaction per year.
A person borrows Rs. 5000 for 2 year at 4% p.a. simple interest. He immediately lends it to another person at % p.a. for 2 years. Find his gain in the transaction per year.
A.
Rs. 112.50
AnswerB.
Rs. 125
C.
Rs. 150
D.
Rs. 167.50
Answer: Option A
Solution
Answer: Option A
Solution: