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

Rs. 112.50
Rs. 125
Rs. 225
Rs. 167.50

Correct Answer: Rs. 112.50

Explanation:

Gain in 2 years

= Rs.

[

❨

5000 x

25

x

2

❩

-

❨

5000 x 4 x 2

❩

]

4

100

100

= Rs. (625 - 400)

= Rs. 225.

∴ Gain in 1 year = Rs.	❨	225	❩	= Rs. 112.50
		2

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