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, is ?

A money lender borrows money at 4%per annum and pays the interest at t

1.	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, is ?
A.	s. 4500
B.	s. 5000
C.	s. 5500
D.	s. 6000
Answer» C. s. 5500

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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, is ?

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