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Q.

A person borrows Rs. 5000 for 2 years at 4%  per annum Simple Interest. He leaves to it to another person at 614%  for 2 years, then his gain in the transaction per year is

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a

Rs. 450

b

Rs. 244.50

c

Rs. 150

d

Rs. 112.50

answer is A.

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Detailed Solution

1st person SI =PTR100=5000×2×4100= Rs. 400

Another person S.I=PTR100=5000×2×254×100=625

Gain for 2 years =625−400

Rs. 225

Gain per annum 2252=112.50

Rs. 112.50

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