Mathematics for FinanceMTP Mar 21Question 1318 of 422
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A person borrows $5,000$ for $4$ years at $4\%$ p.a. simple interest. He immediately lends to another person at $6.25\%$ p.a. for $2$ years. Find his gain in the transaction per year:

Options

A$112.50$
B$125$
C$225$
D$162.50$
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Correct Answer

Option a$112.50$

All Options:

  • A$112.50$
  • B$125$
  • C$225$
  • D$162.50$

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