A person borrows ₹ 5000 for 2 years at p. a. simple interest. He immediately lends it to another person at 6p. a for 2 years. Find his gain in the transaction per year.
A. ₹
B. ₹ 125
C. ₹ 150
D. ₹
Answer:A
A person borrows ₹ 5000 for 2 years at p. a. simple interest. He immediately lends it to another person at 6p. a for 2 years. Find his gain in the transaction per year.
A. ₹ B. ₹ 125 C. ₹ 150 D. ₹