A person borrows 20000 for 6 years at 8% p.a. simple interest. He immediately lends it to another person at 9 % p.a. for 6 years. Find his gain in the transaction per year. Choose the correct choice from the following.
A) 200  B) 250  C) 210  D) 190  E) 180
Gain in 6 years   = [(20000Ã—9Ã—6/100)âˆ’(20000Ã—6Ã—8/100)]   = (10800 â€“ 9600) = 1200   âˆ´ Gain in 6 year = (1200/6)= 
<gadget id="calculator">(1200/6)</gadget>
<output>200</output>
200   200nswer 200
<result>A</result>
A person borrows 20000 for 6 years at 8% p.a. simple interest. He immediately lends it to another person at 9 % p.a. for 6 years. Find his gain in the transaction per year.