Mathematics · Simple Interest

A person borrows ₹ 75,000 for 3 years at 5% simple interest. He immediately lends it to B at 7% simple interest for 3 years. What is his total gain (in ₹) from this transaction?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

15,000
26,000
34,500✓
43,500

Correct answer

4,500

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A person borrows ₹ 75,000 for 3 years at 5% simple interest. He immediately lends it to B at 7% simple interest for 3 years. What is his total gain (in ₹) from this transaction?

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A person borrows ₹ 75,000 for 3 years at 5% simple interest. He immediately lends it to B at 7% simple interest for 3 years. What is his total gain (in ₹) from this transaction?

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