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Q:

A money-lender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half yearly and receives the interest at the end of the year. In this way; he ghins Rs. 104.50 a year. The amount of money he borrows, is:

  • 1
    Rs. 6,000
  • 2
    Rs. 5,500
  • 3
    Rs. 5,000
  • 4
    Rs. 4,500
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Answer : 3. "Rs. 5,000 "

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