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

Pubali Bank Senior,Junior Officer/Officer(Cash) recruitment-2014

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

[Pubali Bank Officer(Cash)-2014 : 2014]

1. Tk. 112.50

2. Tk. 125

3. Tk. 150

4. Tk. 167.50

Answer

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