Question

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 gains Rs. 104.50
a year. The amount of money
he borrows, is:​

Answer 1

Answer:

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 gains Rs. 104.50, a year. The amount of money be borrows Rs. 5000

Step-by-step explanation:

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