A money lender borrows money at 4% P.a and pays interest at the end of the year. He lends it at 6% P.a compound interest compounded half-yearly and receives the interest at the end of the year. Thus be gains Rs 104.50 a year. The amount of money he borrows is_________?

Related Mcqs:

1. What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?

   A. Rs.140
   B. Rs.120
   C. Rs.130
   D. Rs.110
   E. None of these.

2. How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?

   A. Rs.482
   B. Rs.424
   C. Rs.842
   D. Rs.512

3. A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.

   A. Rs.4000
   B. Rs.1000
   C. Rs.1250
   D. Rs.2000

4. A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

   A. Rs.2205
   B. Rs.2200
   C. Rs.2160
   D. Rs.2040

5. Hafeez invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Hafeez at the end of the year will be?

   A. Rs. 16,500
   B. Rs. 16,525.50
   C. Rs. 16,537.50
   D. Rs. 18,150

6. What is the difference between the C.I. on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?

   A. Rs. 2.04
   B. Rs. 3.06
   C. Rs. 4.80
   D. Rs. 8.30

7. A and B start a business, with A investing the total capital of Rs.50000, on the condition that B pays A interest @ 10% per annum on his half of the capital. A is a working partner and receives Rs.1500 per month from the total profit and any profit remaining is equally shared by both of them. At the end of the year, it was found that the income of A is twice that of B. Find the total profit for the year?

   A. 53000
   B. 58000
   C. 50000
   D. 59000

8. A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?

   A. Rs. 565.25
   B. Rs. 635
   C. Rs. 662.02
   D. Rs. 666.50

9. The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is_________?

   A. Rs 6500
   B. Rs 6565
   C. Rs 65065
   D. Rs 65650

10. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?

    A. Rs. 1550
    B. Rs. 1650
    C. Rs. 1750
    D. Rs. 2000