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A money-lender borrows money at 4% pe...

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) Rs 4500 (b) Rs 5000 (c) Rs 5500 (d) Rs 6000

A

₹ `4500`

B

₹ `5000`

C

₹ `5500`

D

₹ `6000`

Text Solution

Verified by Experts

The correct Answer is:
B
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S CHAND IIT JEE FOUNDATION-COMPOUND INTEREST -Question Bank - 19 (a)
  1. The difference between simple interest and compound interest on Rs ...

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  2. In how many years will a sum of Rs. 800 at 10% per annum compound Inte...

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  3. The compound interest on ₹ 16000 for 9 months at 20% p.a, compounded q...

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  4. A sum of ₹ 24000 is borrowed for 1 1/2 years at the rate of interest ...

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  5. An amount of ₹ x at compound interest at 20% per annum for 3 years bec...

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  6. A man deposited ₹ 6000 in a bank at 5% simple interest. Another man de...

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  7. The difference between compound interest and simple interest on a s...

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  8. The compound interest on a sum of money for 2 years is Rs 832 and t...

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  9. A money-lender borrows money at 4% per annum and pays the interest ...

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  10. If a sum of money at compound interest amounts to thrice itself in 3 y...

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  11. If the compound interest on a certain sum of money for 3 years at 10% ...

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  12. If the amount is 2 1/4 times of the sum after 2 years, then the rate ...

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  13. A sum of money invested at compound interest amounts in 3 years to ₹ 2...

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  14. The compound interest on ₹ 2000 in 2 years if the rate of interest is ...

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  15. Two partners A and B together lend ₹ 84100 at 5% compounded annually. ...

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  16. A principal sum of money is lent out at compound interest compounded a...

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  17. A man borrowed ₹ 5000 at 10% per annum compound interest. At the end o...

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  18. The compound interest on a certain sum for 2 years at 10% per annum...

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  19. Two friends A and B jointly lent out ₹ 81600 at 4% compound interest. ...

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  20. Find the compound interest on Rs 24000 at 15% per annum for years...

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