A person borrows a sum of ₹ 50,000 for 3 years at 4% p.a. simple interest. He immediately lends it to another person at 6\frac{1}{4}\% p.a. simple interest for 3 years. Find his gain in the transaction per year.

Delhi Police Constable 24 Nov 2023 Shift 1 Paper

Section: Numerical Ability

Question : 82 of 100

Marks: +1, -0

A person borrows a sum of ₹ 50,000 for 3 years at 4% p.a. simple interest. He immediately lends it to another person at

6\;{1}/{4}\%

p.a. simple interest for 3 years. Find his gain in the transaction per year.

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