Mathematics for FinancePYQ May 18Question 1176 of 479
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A person borrows P5,000\displaystyle P 5,000 for 2\displaystyle 2 years at 4%\displaystyle 4\% per annual simple interest. He immediately lends to another person at 6.25%\displaystyle 6.25\% per annum for 2\displaystyle 2 years find his gain in the transaction for year:

Options

AP112.50\displaystyle P 112.50
BP125\displaystyle P 125
CP107.50\displaystyle P 107.50
DP102.50\displaystyle P 102.50
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Correct Answer

Option dP102.50\displaystyle P 102.50

All Options:

  • AP112.50\displaystyle P 112.50
  • BP125\displaystyle P 125
  • CP107.50\displaystyle P 107.50
  • DP102.50\displaystyle P 102.50

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