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

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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 by Divya Bharti

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1 Answer

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

answer Jul 17 by Hanifa Mammadov

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