Mathematics · Simple Interest
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 25 4 % p.a. (6.25% p.a.) for 2 years. Find his gain in the transaction per year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 112.50✓
- 2Rs. 225.00
- 3Rs. 195.00
- 4Rs. 167.50
Correct answer
Rs. 112.50
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