SSC CHSL Model Paper 8

Question : 51 of 100

Marks: +1, -0

Quantitative Aptitude

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6.25 % per annum for 2 years. Find his gain in the transaction per year.

Rs. 112.50
Rs. 125
Rs. 150
Rs. 167.50

Validate

Solution:

SI = \PRT/100

Hence, gain in 2 years

=Rs.{ 5000 ×6.25 ×2}/100

-{5000× 4 ×2}/100

= Rs. (625 – 400) = Rs. 225
Gain in 1 year = Rs.

255/2

= Rs. 112.50

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