A man borrows Rs. 50000 at 10% per annum simple interest for 1.5 years. He immediately lends it to his friend at 10% per annum compound interest, compounded half-yearly for the same period. Find his gain in the transaction.
Options:
- A: Rs. 381.25
- B: Rs. 350.50
- C: Rs. 400.25
- D: Rs. 420.75
Related Practice Questions:
- A sum of ₹4000 is invested at compound interest for 2 years at a rate of 10% per annum. What will be the total amount at the end of 2 years?
- At what rate of simple interest per annum will a sum of money double itself in 8 years?
- The difference between the compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is ₹25. Find the sum.
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