top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

A person borrows Rs 75000 for 9 years at 5.5% p.a. simple interest. ..........Find his gain in the transaction per year.

0 votes
88 views

A person borrows Rs 75000 for 9 years at 5.5% p.a. simple interest.
He immediately lends it to another person at 9.25% p.a. for 9 years.
Find his gain in the transaction per year.

posted Jul 17, 2018 by Divya Bharti

Share this puzzle
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

75 000 * (9.25-5.5)/100= 2 812.5 Rs

answer Jul 17, 2018 by Hanifa Mammadov



Similar Puzzles
0 votes

A person borrows Rs 29000 each from two lenders for 7 years at 6.75% per annum simple interest.
He immediately lends both the sum to another person at 11.25% per annum for 7 years.
Find his gain in the transaction per year.

0 votes

If difference between simple interest and compound interest of certain sum of money for 3 years at 7.5% per annum is Rs 138.375 then what is the sum?

...