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A person borrows Rs. 5000 for 2 years at 4...

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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.

  1. Rs. 112.50
  2. Rs. 119
  3. Rs. 152.50
  4. none of these
Asked By : SubramanianCategory : Simple Interest
Answer
a. Rs. 112.50
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