Multiple choice

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?

  1. Rs 4000

  2. Rs 4400

  3. Rs 4200

  4. Rs 3600

Reveal answer Fill a bubble to check yourself
C Correct answer