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.## Management Sciences

A. Rs 4500

**B. Rs 5000**

C. Rs 5500

D. Rs 6000

Explanation:

Let the money borrowed be Rs x

Interest paid by the money lender = Rs (x × 4/100 × 1) =Rs x/25

Interest received by the money lender

= Rs [x × (1 + 3/100)^{2} – x]

= Rs(x × 103/100 × 103/100 – x)

Gain = Rs (609x/1000 – x /25)

= Rs 209x/1000 = Rs 609x/10000

Therefore 209x/10000 = 104.50

=> 209x = 1045000

=> x = 5000

Hence money borrowed = Rs 5000

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