A money-lender borrows 5000 at 4% per annum and pays the interest at t – InterviewSolution

1.	A money-lender borrows 5000 at 4% per annum and pays the interest at the end of the year, compounded annually. He lends it at 6% per annum, interest being compounded half-yearly, and receives the interest at the end of the year. How much does he gain? please explain it step by step
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