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A person borrows Rs 29000 each from two lenders for 7 years at 6.75...........Find his gain in the transaction per year.

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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.

posted Jul 25, 2018 by Sandeep Otari

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1 Answer

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Rs 2610


2*29000*(11.25-6.75)/100=2610

answer Jul 25, 2018 by Hanifa Mammadov



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