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A person lent out some money for 1 year ...

A person lent out some money for 1 year at 6% per annum simple interest and after 18 months, he again lent out the same money at a simple interest of 24% per annum. In both the cases, he got 4704. Which of these could be the amount that was lent out in each case if interest is paid half-yearly?

A

A) 4000

B

B) 4400

C

C) 4200

D

D) 3600

Text Solution

Verified by Experts

The correct Answer is:
C
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  5. A sum of money is accumulating at compound interest at a certain rate ...

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  6. A man borrows₹6000 at 10% compound rate of interest. At the end of eac...

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  8. Mr. Duggal invested 20000 with rate of interest "@" 20% per annum. The...

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  9. The compound interest accrued on an amount of 25500 at the end of 3yea...

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  10. A certain sum of money amounts to 756 in 2 years and to 873 in 3.5 yea...

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  11. A sum of 1000 after 3 years at compound interest becomes a certain amo...

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  12. A property dealer bought a rectangular plot (of land) in Noida 5 years...

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  13. Hari Lal and Hari Prasad have equal amounts. Hari Lal invested all his...

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  14. A person lent out some money for 1 year at 6% per annum simple interes...

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  15. Three persons Anand, Avdesh and Anil in vested different amount in a f...

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  17. Extending this plan, ISBI further announced that widows of all the mar...

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