A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 p.a for 2 years. Find his gain in the transaction per year.
A. Rs. 112.50
B. Rs. 125
C. Rs. 150
D. Rs. 167.50
Answer: A
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 p.a for 2 years. Find his gain in the transaction per year.
A. Rs. 112.50
B. Rs. 125
C. Rs. 150
D. Rs. 167.50
Answer: A