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.
Correct answer A. Rs. 112.50
Tip: press A, B, C or D to answer, and N for the next question.
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More Simple Interest questions
See allA certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
Correct answer D. Cannot be determined
What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?
Correct answer C. 2 : 3
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A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:
Correct answer C. 12%
A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
Correct answer C. Rs. 15,000
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