A money lender borrows money at 6% per annum and pays the interest at the end of the year. He lends it at 8% per annum compound interest compounded half-yearly and receives the interest at the end of the year. In this way, he gains Rs. 108 a year. The amount of money he borrows, is:
A. Rs. 5,000
B. Rs. 4,500
C. Rs. 6,000
D. Rs. 5,500
Answer: Option A
This Question Belongs to Arithmetic Ability >> Compound Interest
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