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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. ?->(Show Answer!)
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1. 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.





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  • By: guest on 01 Jun 2017 05.48 pm
    Gain in 2 years = Rs. 5000 x 25 x 2 - 5000 x 4 x 2 4 100 100 = Rs. (625 - 400) = Rs. 225. Gain in 1 year = Rs. 225 = Rs. 112.50 2
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