UP TGT Mathematics Commercial mathematics Test Series - Part 2
A person borrows Rs. 5,000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a....
Type: MCQ • Marks: 1
A person borrows Rs. 5,000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a. simple interest for 2 years. Find his gain in the transaction per year.
Options
A. 1) Rs. 80
B. 2) Rs. 150
C. 3) Rs. 100
D. 4) Rs. 120
Explanation
Gain rate per year = 6% - 4% = 2% per annum.
Gain per year = 2% of Rs. 5,000 = (2 / 100) * 5000 = Rs. 100.
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