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

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
1). Rs.6.000
2). Rs.5.500
3). Rs.5.000
4). Rs.4.500

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