Mathematics · Simple Interest
A person borrows Rs. 55,000 at 7% per annum simple interest for 4 years. He immediately lends it to another person at 9% per annum simple interest for 4 years. What is his profit per year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1250
- 2Rs. 1100✓
- 3Rs. 1150
- 4Rs. 1170
Correct answer
Rs. 1100
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