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a person borrowed 5000 rupees at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amound and settled in loan. what is the amount gained by him in the transaction

a person borrowed 5000 rupees at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amound and settled in loan. what is the amount gained by him in the transaction

Grade:12th pass

1 Answers

Deepak Kumar Shringi
askIITians Faculty 4404 Points
5 years ago
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