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SSC Sample Paper Mock Test-17 SSC CGL Tear-II Paper-1

  • question_answer
    A person borrows Rs. 5000 for 2 yr at 4% per annum simple interest. He immediately lends it to another person at \[6\frac{1}{4}%\]per annum simple interest for 2 yr. His gain in the transaction is

    A) Rs. 112.50

    B)  Rs. 450

    C)  Rs. 225

    D)  Rs. 150

    Correct Answer: C

    Solution :

    Case I   \[\text{SI}=\frac{5000\times 2\times 4}{100}\]= Rs. 400 Case II \[\text{SI}=\frac{5000\times 25\times 2}{100\times 4}\]= Rs. 625 \[\therefore \]      Gain = Rs. \[(625-400)\]= Rs. 225


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