All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
Defence Exam  >  Defence Questions  >  A person borrows Rs. 5000 at 5% rate of inter... Start Learning for Free
SaveJoin the Discussion on the App
A person borrows Rs. 5000 at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amount and settled his loan. What is the amount gained by him this transaction?
  • a)
    Rs. 25
  • b)
    Rs. 50
  • c)
    Rs. 100
  • d)
    Rs. 200
Correct answer is option 'B'. Can you explain this answer?
FREE This question is part of
Download PDF Attempt Test
Download PDF Attempt this Test
Verified Answer
A person borrows Rs. 5000 at 5% rate of interest per annum and immedia...
The extra amount he gains is due the difference in the interest rates.
Difference in the interest rate = 5.5 - 5 = 0.5%
Interest he gained = 5000 × 0.5/100 × 2 = Rs. 50 [∵ Interest = Principal × Rate/100 × Time]
View all questions of this test
< Previous Question Next Question >
Explore Courses for Defence exam

Similar Defence Doubts

A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives.Once Buddha was walking from one town to another town with a few of his followers. This was in the initial days. While they were travelling, they happened to pass a lake. They stopped there and Buddha told one of his disciples, “I am thirsty. Please get me some water from that lake there”.The disciple walked up to the lake. When he reached it, he noticed that some people were washing clothes in the water and, right at that moment, a bullock cart started crossing the lake right at the edge of it. As a result, the water became very muddy, very turbid. The disciple thought, “How can I give this muddy water to Buddha to drink?!” So he came back and told the Buddha, “The water in there is very muddy. I don’t think it is fit to drink”.So, the Buddha said, let us take a little rest here by the tree. After about half an hour, again Buddha asked the same disciple to go back to the lake and get him some water to drink. The disciple obediently went back to the lake. This time he found that the lake had absolutely clear water in it. The mud had settled down and the water above it looked fit to be had. So he collected some water in a pot and brought it to the Buddha.The Buddha looked at the water, and then he looked up at the disciple and said, “See, you let the water be and the mud settled down on its own. You got clear water. It didn’t require any effort”.Q.What did Buddha want to convey when he said “See, you let the water be and the mud settled down on its own. You got clear water. It didn’t require any effort”?

A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives.Once Buddha was walking from one town to another town with a few of his followers. This was in the initial days. While they were travelling, they happened to pass a lake. They stopped there and Buddha told one of his disciples, “I am thirsty. Please get me some water from that lake there”.The disciple walked up to the lake. When he reached it, he noticed that some people were washing clothes in the water and, right at that moment, a bullock cart started crossing the lake right at the edge of it. As a result, the water became very muddy, very turbid. The disciple thought, “How can I give this muddy water to Buddha to drink?!” So he came back and told the Buddha, “The water in there is very muddy. I don’t think it is fit to drink”.So, the Buddha said, let us take a little rest here by the tree. After about half an hour, again Buddha asked the same disciple to go back to the lake and get him some water to drink. The disciple obediently went back to the lake. This time he found that the lake had absolutely clear water in it. The mud had settled down and the water above it looked fit to be had. So he collected some water in a pot and brought it to the Buddha.The Buddha looked at the water, and then he looked up at the disciple and said, “See, you let the water be and the mud settled down on its own. You got clear water. It didn’t require any effort”.Q.Why did water become clean after some time?

A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives.Once Buddha was walking from one town to another town with a few of his followers. This was in the initial days. While they were travelling, they happened to pass a lake. They stopped there and Buddha told one of his disciples, “I am thirsty. Please get me some water from that lake there”.The disciple walked up to the lake. When he reached it, he noticed that some people were washing clothes in the water and, right at that moment, a bullock cart started crossing the lake right at the edge of it. As a result, the water became very muddy, very turbid. The disciple thought, “How can I give this muddy water to Buddha to drink?!” So he came back and told the Buddha, “The water in there is very muddy. I don’t think it is fit to drink”.So, the Buddha said, let us take a little rest here by the tree. After about half an hour, again Buddha asked the same disciple to go back to the lake and get him some water to drink. The disciple obediently went back to the lake. This time he found that the lake had absolutely clear water in it. The mud had settled down and the water above it looked fit to be had. So he collected some water in a pot and brought it to the Buddha.The Buddha looked at the water, and then he looked up at the disciple and said, “See, you let the water be and the mud settled down on its own. You got clear water. It didn’t require any effort”.Q.How did Buddha react when he came to know that the disciple did not bring any water?

A person borrows Rs. 5000 at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amount and settled his loan. What is the amount gained by him this transaction?a)Rs. 25b)Rs. 50c)Rs. 100d)Rs. 200Correct answer is option 'B'. Can you explain this answer?
Question Description
A person borrows Rs. 5000 at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amount and settled his loan. What is the amount gained by him this transaction?a)Rs. 25b)Rs. 50c)Rs. 100d)Rs. 200Correct answer is option 'B'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about A person borrows Rs. 5000 at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amount and settled his loan. What is the amount gained by him this transaction?a)Rs. 25b)Rs. 50c)Rs. 100d)Rs. 200Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A person borrows Rs. 5000 at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amount and settled his loan. What is the amount gained by him this transaction?a)Rs. 25b)Rs. 50c)Rs. 100d)Rs. 200Correct answer is option 'B'. Can you explain this answer?.
Solutions for A person borrows Rs. 5000 at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amount and settled his loan. What is the amount gained by him this transaction?a)Rs. 25b)Rs. 50c)Rs. 100d)Rs. 200Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Defence. Download more important topics, notes, lectures and mock test series for Defence Exam by signing up for free.
Here you can find the meaning of A person borrows Rs. 5000 at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amount and settled his loan. What is the amount gained by him this transaction?a)Rs. 25b)Rs. 50c)Rs. 100d)Rs. 200Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A person borrows Rs. 5000 at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amount and settled his loan. What is the amount gained by him this transaction?a)Rs. 25b)Rs. 50c)Rs. 100d)Rs. 200Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A person borrows Rs. 5000 at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amount and settled his loan. What is the amount gained by him this transaction?a)Rs. 25b)Rs. 50c)Rs. 100d)Rs. 200Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A person borrows Rs. 5000 at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amount and settled his loan. What is the amount gained by him this transaction?a)Rs. 25b)Rs. 50c)Rs. 100d)Rs. 200Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A person borrows Rs. 5000 at 5% rate of interest per annum and immediately lent it at 5.5%. After two years he collected the amount and settled his loan. What is the amount gained by him this transaction?a)Rs. 25b)Rs. 50c)Rs. 100d)Rs. 200Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Defence tests.
Explore Courses for Defence exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup