Mathematics · Interest
Vignesh borrows Rs. 10,000 for 2 years at 4% p.a. simple interest. He lends it to Sanjay at 6% p.a. simple interest for 2 years. Find his gain in this transaction per year.
- 1Rs. 800
- 2Rs. 600
- 3Rs. 400
- 4Rs. 200✓
Correct answer
Rs. 200
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