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A person borrows Rs7,000 for 3 years at ...

A person borrows Rs7,000 for 3 years at 5% p.a. simple interest. He immediately lends it to another person at `6 1/3`% p.a for 3 years. Find his gain in the transaction per year.

A

₹92

B

₹95.33

C

₹93.33

D

₹90

Text Solution

Verified by Experts

The correct Answer is:
C
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