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Suraj lent out a sum of Rs. 12,000 at 4% p.a. simple interest. From the amount received after 10 years, he lent out half of the amount at 5% p.a. rate of simple interest for 4 years. What is the total interest (in Rs.) obtained by Suraj in this entire process?
  • a)
    6480
  • b)
    7240
  • c)
    6200
  • d)
    6850
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Suraj lent out a sum of Rs. 12,000 at 4% p.a. simple interest. From th...
Let the starting amount = 100x
Interest = 10 × 4% of 100x = 40x
Amount = 140x

Interest = 4 × 5% of 70x = 14x
Total interest = 40x + 14x = 54x

Hence, option A is correct.
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Community Answer
Suraj lent out a sum of Rs. 12,000 at 4% p.a. simple interest. From th...
Given data:
Principal amount = Rs. 12,000
Rate of interest = 4%
Time period = 10 years
Second loan amount = Rs. 6,000
Rate of interest for the second loan = 5%
Time period for the second loan = 4 years

Calculations:

First loan:
Simple Interest (SI) = (Principal * Rate * Time) / 100
SI = (12000 * 4 * 10) / 100
SI = Rs. 4,800

Second loan:
SI = (6000 * 5 * 4) / 100
SI = Rs. 1,200

Total interest:
Total interest = SI from first loan + SI from second loan
Total interest = Rs. 4,800 + Rs. 1,200
Total interest = Rs. 6,000
Therefore, the total interest obtained by Suraj in this entire process is Rs. 6,000. Hence, the correct answer is option C) 6,000.
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Suraj lent out a sum of Rs. 12,000 at 4% p.a. simple interest. From the amount received after 10 years, he lent out half of the amount at 5% p.a. rate of simple interest for 4 years. What is the total interest (in Rs.) obtained by Suraj in this entire process?a)6480b)7240c)6200d)6850Correct answer is option 'A'. Can you explain this answer?
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Suraj lent out a sum of Rs. 12,000 at 4% p.a. simple interest. From the amount received after 10 years, he lent out half of the amount at 5% p.a. rate of simple interest for 4 years. What is the total interest (in Rs.) obtained by Suraj in this entire process?a)6480b)7240c)6200d)6850Correct answer is option 'A'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about Suraj lent out a sum of Rs. 12,000 at 4% p.a. simple interest. From the amount received after 10 years, he lent out half of the amount at 5% p.a. rate of simple interest for 4 years. What is the total interest (in Rs.) obtained by Suraj in this entire process?a)6480b)7240c)6200d)6850Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suraj lent out a sum of Rs. 12,000 at 4% p.a. simple interest. From the amount received after 10 years, he lent out half of the amount at 5% p.a. rate of simple interest for 4 years. What is the total interest (in Rs.) obtained by Suraj in this entire process?a)6480b)7240c)6200d)6850Correct answer is option 'A'. Can you explain this answer?.
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