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

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1.

A person borrows 5,000 for 2 years at 4% per annum simple interest. He immediately
lends it to another person at 6 1 % per annum simple interest for 2 years.
4
His gain in the transaction is

A.

112.50

B.

450

C.

225

D.

150

Answer» D. 150

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