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Compound Interest - Data Intensity 1 :: Discussion
| 50. | A money lender borrows money at 4% P.a and pays interest at the end of the year. He lends it at 6% P.a compound interest compounded half-yearly and receives the interest at the end of the year. Thus be gains Rs 104.50 a year. The amount of money he borrows is___? | |
| A. | Rs 4500 | |
| B. | Rs 5000 | |
| C. | Rs 5500 | |
| D. | Rs 6000 | |
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