A person borrows Rs 29000 each from two lenders for 7 years at 6.75% per annum simple interest. He immediately lends both the sum to another person at 11.25% per annum for 7 years. Find his gain in the transaction per year.
Rs 2610
2*29000*(11.25-6.75)/100=2610
A person borrows Rs 75000 for 9 years at 5.5% p.a. simple interest. He immediately lends it to another person at 9.25% p.a. for 9 years. Find his gain in the transaction per year.
How much times (in years) will it take for an amount of Rs. 450 to yield Rs. 162 an interest at 4.5% per annum of simple interest?
A man borrows Rs 6000 at 10% rate of interest compounded annually. He pays back Rs 2000 at the end of each year to clear his debt. The amount that he should pay to clear all his dues at the end of third year is
