Q194
A person borrows Rs. 7,000 for 3 year's at 5% p.a. simple interest. He immediately lends it to another person at 61/3\% p.a. for 3 years. Find the gain in the transaction per year.
A person borrows Rs. 7,000 for 3 year's at 5% p.a. simple interest. He immediately lends it to another person at p.a. for 3 years. Find the gain in the transaction per year.
A.
Rs. 90
B.
Rs. 93.33
AnswerC.
Rs. 92
D.
Rs. 95.33
Answer: Option B
Solution
Answer: Option B
Solution: