Mathematics for FinancePYQ May 18Question 1176 of 422
All Questions

A person borrows $P 5,000$ for $2$ years at $4\%$ per annual simple interest. He immediately lends to another person at $6.25\%$ per annum for $2$ years find his gain in the transaction for year:

Options

A$P 112.50$
B$P 125$
C$P 107.50$
D$P 102.50$
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option d$P 102.50$

All Options:

  • A$P 112.50$
  • B$P 125$
  • C$P 107.50$
  • D$P 102.50$

More Questions from Mathematics for Finance

Ready to Master Mathematics for Finance?

Practice all 422 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free