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A man borrows money at 3% per annum inte...

A man borrows money at 3% per annum interest payable yearly and lend it immediately at 5% interest (compound) payable half-yearly and therebygains₹330 at the end of the year. The sum borrowed is

A

₹ `6000`

B

₹ `7500`

C

₹ `8000`

D

₹ `9000`

Text Solution

Verified by Experts

The correct Answer is:
C
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