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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. This amount of money he borrows is:

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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. This amount of money he borrows is:






 
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