A moneylender borrows money at 4% per annum and pays the interest at t – InterviewSolution

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1.	A moneylender 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» ANSWER :RS. 5000

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