Math MCQ: A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6.25% p.a for 2 years. Find his gain in the transaction per year.

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6.25% p.a for 2 years. Find his gain in the transaction per year.

Correct Answer: Rs. 112.50

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WhatsApp+91 99922 70404Math MCQ: A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6.25% p.a for 2 years. Find his gain in the transaction per year. | Extra Education