A person borrows Rs. 7,000 for 3 years at 5% p.a. simple interest. He immediately lends it to another persons at \(6 \frac{1}{3}\%\) p.a for 3 years. Find his gain in the transaction per year.

A person borrows Rs. 7,000 for 3 years at 5% p.a. simple interest. He

1.	A person borrows Rs. 7,000 for 3 years at 5% p.a. simple interest. He immediately lends it to another persons at \(6 \frac{1}{3}\%\) p.a for 3 years. Find his gain in the transaction per year.
A.	Rs. 92`
B.	Rs. 95.33
C.	Rs. 93.33
D.	Rs. 90
Answer» D. Rs. 90

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A person borrows Rs. 7,000 for 3 years at 5% p.a. simple interest. He immediately lends it to another persons at \(6 \frac{1}{3}\%\) p.a for 3 years. Find his gain in the transaction per year.

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