A person borrows TK. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 1/4 % per annum for 2 years . Find his gain in the transaction per year.

A person borrows TK. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 1/4 % per annum for 2 years . Find his gain in the transaction per year. Correct Answer TK. 112.50

(614  - 4)% = (254 - 4)% = (25 - 164)% = 94%We know,I  =  Prn  = 5000×94×100×2 = TK. 225.'. Gain per year 2252 = 112.50 
Bissoy MCQ

Related Questions

A person borrows Tk. 5000 for 2 years at 4% p.a. simple interest . He immediately lends to another person at 614% p.a. for 2 years .Find his gain in the transaction per year .
A person borrows Tk. 5000 for 2 years at 4% p.a simple interest.He immediately lends it to another person at 614% p.a for 2 years.Find his gain in the transaction per year .
A man borrowed Tk . 900 at 10% per annum simple interest and immediately lent the whole sum at 10% per annum compound interest. what does the gain at the end of 2 years?
The simple interest on a certain sum of money for 2 1/2 years at 12% per annum is TK. 40 less than the simple interest on the same interest on the same sum for 3 1/2 years at 10% per annum. Find the sum.
Arman wanted to have Tk. 39,200 as interest after 5 years. He has invested an amount in an account for 1 year at 8% interest rate. From the 2nd year, he invested the principal amount in another account offering 10% interest for 3 years. At the beginning of the fifth year he invested the Principal amount in another account at the rate of 11%. What was the principal amount? (assume simple interest rate)
চারটি সমানুপাতিক রাশির প্রান্তীয় রাশি দুটির গুনফল ২০০। প্রথম রাশিঃ দ্বিতীয় রাশি= ১ঃ২, দ্বিতীয় রাশিঃচতুর্থ রাশি= ১ঃ৪। তৃতীয় রাশিটি কত?
A lent TK. 5000 to B for 2 years and TK. 3000 to C for 4 years on simple interest at the same from both of them as interest . The rate of interest per annum is :
A sum of Rs 8000 is divided into two parts. The simple interest on first part at the rate of 21% per annum is equal to the simple interest on second part at the rate of 35% per annum. What is the interest (in Rs) of each part?
A sum invested at 5% simple interest per annum grows to Tk. 504 in 4 years The same amount at 10% simple interest per annum in 212 years will grow to :
Kalam has invested a part of 10,000 Taka in an account that pays 6% simple interest rate each year and rest of the money in another account that pays 8% simple interest per year. If he has invested the money for 18 months and he has invested the money for 18 months and he earns a total of 1,020 Taka as interest, what is the difference in the amount of the interest earned on both the accounts?