Mathematics · Simple Interest
A person borrows ₹10,000 for 3 years at 5% per annum simple interest. He immediately lends it to another person at 814% per annum simple interest for 3 years. What is his gain (in ₹) in the transaction per year?
- 1325✓
- 2400
- 3450
- 4375
Correct answer
325
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