A person borrows 5,000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 61% per annum simple interest for 2 years. 4His gain in the transaction is

A person borrows 5,000 for 2 years at 4% per annum simple interest. H

1.	A person borrows 5,000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 61% per annum simple interest for 2 years. 4His gain in the transaction is
A.	112.50
B.	450
C.	225
D.	150
Answer» D. 150

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A person borrows 5,000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 61% per annum simple interest for 2 years. 4His gain in the transaction is

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