Simple Interest - Arithmetic Aptitude Questions and Answers

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Discussion :: Simple Interest

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

Rs. 112.50

Rs. 125

Rs. 150

Rs. 167.50

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Answer : Option A

Explanation :

Gain in 2 years

= Rs.

5000 x

$\frac { 25 } { 4 }$

$\frac { 25 } {100 }$

$[\frac { 500*4*2 } {100} ]$

= Rs. (625 - 400)

= Rs. 225.

Gain in 1 year = Rs.[			$\frac { 225 } { 2 }$	] = Rs. 112.50

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