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A person borrows 10000 for 2 years at 4% p a simple interest he immediately lends it to another person at 6.5 % p. a. for 2 years. Find his total gain in the transaction. - Mathematics and Statistics

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प्रश्न

A person borrows 10000 for 2 years at 4% p a simple interest he immediately lends it to another person at 6.5 % p. a. for 2 years. Find his total gain in the transaction.

योग
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उत्तर

A person borrows money at 4% per annum and lends it at 6.5% per annum.

∴ His gain is (6.5 – 4) = 2.5% on ₹ 10000 for 2 years

i.e. gain = `(1000 xx 2.5 xx 2)/100`

= 100 × 5

= ₹ 500

∴ The person will gain ₹ 500 in this transaction.

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Simple and Compound Interest (Entrance Exam)
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अध्याय 9: Commercial Mathematics - Exercise 9.3 [पृष्ठ १३०]

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बालभारती Mathematics and Statistics 2 (Commerce) [English] 11 Standard Maharashtra State Board
अध्याय 9 Commercial Mathematics
Exercise 9.3 | Q 8 | पृष्ठ १३०

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