Quantitative Aptitude Interest Simple Interest

A person borrows Rs. 6000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% per annum for 2 years. Find his gain in the transaction.

1

Rs. 280

2

Rs. 260

3

Rs. 250

4

Rs. 240

5

Rs. 300

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