A person borrows Rs. 5,000 for 2 years at 4% p.a. simple Interest, he immediately lends it to another person at 6\frac{1}{4}% p.a. simple Interest for 2 years. Find his gain in the transaction per year.

Haryana Gram Sachiv 9 Jan 2021 Shift 2 Paper

Question : 50 of 90

Marks: +1, -0

A person borrows Rs. 5,000 for 2 years at 4% p.a. simple Interest, he immediately lends it to another person at

6\;{1}/{4}

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

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