A person borrowed ₹ 5,000 at 5% rate of interest per annum

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MATH

30

M: +1.00/-0.33

A person borrowed ₹ 5,000 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 in this transaction?

[CDS-I 2018 Elementary Maths(PYSP)]

A ₹ 25

B ₹ 50

C ₹ 100

D ₹ 200