34.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.
A. Rs. 112.50
B. Rs. 125
C. Rs. 150
D. Rs. 167.50
Answer:
Option : A
Gain in 2 years
|
=
|
|
5000 x
|
25
|
x
|
2
|
|
-
|
|
5000 x 4 x 2
|
|
4
|
100
|
100
|
∴ Gain in 1 years
|
= Rs.
|
|
225
|
|
= Rs. 112.50
|
2
|
