A person borrows Rs. 12,000 for 2 years at 2% p.a. simple interest. He immediately lends it to another person at 17/4 p.a. for 2 years. Find his gain in the transaction per year.

A person borrows Rs. 12,000 for 2 years at 2% p.a. simple interest. He

1.	A person borrows Rs. 12,000 for 2 years at 2% p.a. simple interest. He immediately lends it to another person at 17/4 p.a. for 2 years. Find his gain in the transaction per year.
A.	Rs. 360
B.	Rs. 270
C.	Rs. 210
D.	Rs. 320
Answer» C. Rs. 210

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A person borrows Rs. 12,000 for 2 years at 2% p.a. simple interest. He immediately lends it to another person at 17/4 p.a. for 2 years. Find his gain in the transaction per year.

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