Mathematics · Simple Interest
A person borrows Rs. 12,000 for 3 years at 2% per annum simple interest. He immediately lends it to another person at 4% per annum for 3 years. Find his gain in the transaction per year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 240✓
- 2Rs. 360
- 3Rs. 720
- 4Rs. 630
Correct answer
Rs. 240
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