Latest Miscellaneous Company Exam Aptitude Question SOLUTION: A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 p.a for 2 years. Find his gain in the transaction per year.

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(#M40010447) MISCELLANEOUS COMPAN question Keep an EYE

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 p.a for 2 years. Find his gain in the transaction per year.

Asked In Miscellaneous Company Exam PARAG KAMRA (11 years ago)

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PARAG KAMRA  (11 years ago)

Gain in 2 years =
[(5000*6*2)/100]-[(5000*4*2)/100]
600-400=200
Gain in 1 year =(200/2)=100 rs(ans)

Is this solution Helpfull? Yes (11) | No (3)  

Garima  (11 years ago)

gain in the transaction per year 2% of 5000 = 2*5000/100 = Rs 100

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Madhu  (11 years ago)

one year interest for rs 5000 when 4% is=12*200(interest)=Rs.2400
one year interest for rs 5000 when 6% is=12*300(interest)=Rs.3600

So the gain is 3600-2400
gain is Rs.1200

Is this solution Helpfull? Yes (1) | No (3)  

alisha kapoor  (11 years ago)

Ist case: s.i=5000*2*4/100=400
2nd case:s.i=5000*6*2/100=600
the profit/gain for two years=200
therefore,for one year it would be Rs 100.

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Rahul Hiwarale  (10 years ago)

for 4% borrow interest :
first year - 5000 + 200(4% interest of 5000)=5200
second year 5200 + 208(4% interest of 5200)=5408

for 6% lend interest :
first year - 5000 + 300(6% interest of 5000)=5200
second year 5300 + 318(6% interest of 5300)=5618

so diff in 6% lend - 4% borrow =5618-5408= 210

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Vikash jain  (10 years ago)

According to question
first condition person borrows money so : p=5000,r=4%,t=2
so SI=p*r*t/100
SI=5000*4*2/100=>400
Again person lends money
SI=5000*6*2/100=>600
so gain=lends-borrows
gain=600-400=>200

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