Aptitude - Simple Interest - Discussion
Discussion Forum : Simple Interest - General Questions (Q.No. 14)
14.
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.
% p.a for 2 years. Find his gain in the transaction per year.Answer: Option
Explanation:
| Gain in 2 years |
|
||||||||||||||||
| = Rs. (625 - 400) | |||||||||||||||||
| = Rs. 225. |
 Gain in 1 year = Rs. |
 |
225 |  |
= Rs. 112.50 |
| 2 |
Video Explanation: https://youtu.be/zBjcwqIcmL4
Discussion:
49 comments Page 4 of 5.
Bipin said:
5 years ago
Hi @Halappa.
The formula of simple interest P*T*R /100.
The formula of simple interest P*T*R /100.
Shiva said:
9 years ago
In the question, 6% is given how you have taken 6.25%.
Raj said:
7 years ago
How come 2 as the denominator in the last step?
Vinay said:
5 years ago
Thank you very much for explaining the answer.
Tejanth said:
6 years ago
6 (1/4) can written as ((6*4)+1)/4. i.e 25/4.
Nisha said:
9 years ago
Why have we subtracted to get the gain value?
Halappa said:
6 years ago
Please, anyone, explain the formula for me.
Aswin Lal said:
8 years ago
Why was 225 divided by 2 in the last step?
Vamsi said:
1 decade ago
We can also write 6(1/4) as 4*6+1=25/4.
Animesh said:
7 years ago
How it is 2/100? Can anyone explain me?
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers