Don borrows P5000 for 2 years at 4% per annum simple interest. He 1 immediately lends it to another person at 6–%per annum for 2 years. Find 4 his gain in the transaction per year.
Don borrows P5000 for 2 years at 4% per annum simple interest. He 1 immediately lends it to another person at 6–%per annum for 2 years. Find 4 his gain in the transaction per year.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
a. ₱112.50
b. ₱125
c. ₱225
d. ₱167.50
![Don borrows P5000 for 2 years at 4% per annum simple interest. He
1
immediately lends it to another person at 6–%per annum for 2 years. Find
4
his gain in the transaction per year.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F853a278b-66cb-42ea-ae31-5c4d1e7938c4%2F2ad8ec2a-551d-42a6-81d7-719c8c3e6717%2Fs9e01qe_processed.png&w=3840&q=75)
Transcribed Image Text:Don borrows P5000 for 2 years at 4% per annum simple interest. He
1
immediately lends it to another person at 6–%per annum for 2 years. Find
4
his gain in the transaction per year.
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