Class VIII A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 p.a for 2 years. Find his gain in the transaction per year. Rs. 112.50 Rs. 125 Rs. 150 Rs. 167.50 A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned? Rs. 35 Rs. 245 Rs. 350 Cannot be determined A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is: 5% 8% 12% 15% What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years? 1 : 3 1 : 4 2 : 3 Data inadequate Do you really want to submit this quiz? Cancel Submit Quiz