A person borrows 5,000 for 2 years at 4 % per annum simple interest. H – McqOptions

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1.	A person borrows 5,000 for 2 years at 4 % per annum simple interest. He immediately lends it to another person at $$6{1 over 4} % $$ per annum simple interest for 2 years. His gain in this transaction is
A.	225
B.	150
C.	112.50
D.	450
Answer» B. 150

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