A person borrows Rs. 29000 each from 2 lenders for 7 years at 6.75% p.a. simple interest. He immediately lends both the sums to another person at 11.25 p.a for 7 years. Find his gain in the transaction per year.

M4maths Previous Puzzles

25 Jul 2018 Simple Interest A person borrows Rs. 29000 each from 2 lenders for 7 years at 6.75% p.a. simple interest. He immediately lends both the sums to another person at 11.25 p.a for 7 years. Find his gain in the transaction per year.: OPtion
1) 4567.5
2) 1305
3) 18270
4) 45675
5) 9235
6) 9335
7) 1805.5
8) 1306
9) 1300
10)None of these; Correct Option: 10 Best Solution (3)

G.S.Kantharao 6 years AGO

Amount =₹29,000+₹29000
Time =7y
Rate =6.75
Difference in rate =11.25-6.75=4.5
Gain per year=58000*4.5*1/100=₹2610
Hence my option is 10👈

Like? Yes (3) | No (1)

Kariamal 6 years AGO

Interest=11.25-6.75
=4.5
S.I=58000*4.5*7/100
=18270/7
=2610

Like? Yes (2) | No (1)

SAYAN CHATTERJEE 6 years AGO

Gain in transaction per year is 29000*2*11.25/100-29000*2*6.75/100 = 2610.
Option 10.

Like? Yes | No (1)

Dimple

India

Punjab

Time: 00:01:33

Points

Maths Quotes

Pure mathematics is the world's best game. It is more absorbing than chess, more of a gamble than poker, and lasts longer than Monopoly. It's free. It can be played anywhere - Archimedes did it in a bathtub.

Richard J. Trudeau, Dots and Lines

A man has one hundred dollars and you leave him with two dollars. That's subtraction.

Mae West

Placed User Comments

M4Math helped me a lot.

Vipul Chavan 4 years ago

Thanks m4 maths for helping to get placed in several companies.
I must recommend this website for placement preparations.

yash mittal 5 years ago

A person borrows Rs. 29000 each from 2 lenders for 7 years at 6.75% p.a. simple interest. He immedia

M4maths Previous Puzzles

25 Jul 2018 Simple Interest