Budhiman1 Budhiman1

11-05-2019
Mathematics

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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 1/4% p.a for 2 years. Find his gain in the transaction per year

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theenesh12344 theenesh12344

11-05-2019

Answer:

Rs1525

Step-by-step explanation:

61/4%=15.25%

15.25%×5000×2 years=Rs 1525

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