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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 p.a. for 2 years. Find his gain in the transaction per year.

Asked by Topperlearning User 10th October 2014, 3:32 PM
Answered by Expert
Answer:

SI =

For borrowing, P = Rs 5000, R = 4% p.a.  and T = 2 years

Thus, SI (borrowing) = 

For lending, P = Rs 5000, R =  p.a.  and T = 2 years

Thus, SI (lending) = 
Hence, Gain = Rs (625 - 400) = Rs 225 for 2 years

Therefore, gain per year =

Answered by Expert 10th October 2014, 5:32 PM
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