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    Question

    Vedant borrows Rs.75,000 for 2 yrs at 3% p.a simple

    interest. He immediately lends it to Abhishek at 5.5% p.a. for 2 yrs at simple interest. How much Vedant gained in the transaction?
    A Rs. 3700 Correct Answer Incorrect Answer
    B Rs. 3750 Correct Answer Incorrect Answer
    C Rs. 3725 Correct Answer Incorrect Answer
    D Rs.3745 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    1st transaction: Principal= Rs. 75,000, R= 3% p.a., T= 2 yrs. Simple Interest = (P × R × T)/100 = (75000 × 3 × 2)/100 => S I = Rs. 4500 2nd transaction: Principal= Rs. 75,000, R= 5.5% p.a., T= 2 yrs. Simple Interest `` = (P × R × T)/100 = (75000 × 5.5 × 2)/100 => SI = Rs. 8250 => SI = Rs. 8250 Gain in the transaction = Rs. 8250 - Rs. 4500 = Rs. 3,750

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