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Hari borrowed some money for one year at 6% per annum simple interest and after 18 months , he again borrowed the same money at a Simple Interest of 24% per annum. In both the cases, he paid Rs.4704. Which of the following could be the amount that was borrowed by Hari in each case if interest is paid half yearly?
  • a)
    4000
  • b)
    3000
  • c)
    4400
  • d)
    4200
  • e)
    None of the Above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Hari borrowed some money for one year at 6% per annum simple interest ...
D. 4200
Explanation: 12% for 6 months x = Borrowed money Take x =100% 112% of x = 4704 x = 4200
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Hari borrowed some money for one year at 6% per annum simple interest ...
Answer is 'D'.
The question is really easy so I don't think that it has to be explained.
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Community Answer
Hari borrowed some money for one year at 6% per annum simple interest ...
D. 4200
Explanation: 12% for 6 months x = Borrowed money Take x =100% 112% of x = 4704 x = 4200
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Hari borrowed some money for one year at 6% per annum simple interest and after 18 months , he again borrowed the same money at a Simple Interest of 24% per annum. In both the cases, he paid Rs.4704. Which of the following could be the amount that was borrowed by Hari in each case if interest is paid half yearly?a)4000b)3000c)4400d)4200e)None of the AboveCorrect answer is option 'D'. Can you explain this answer?
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Hari borrowed some money for one year at 6% per annum simple interest and after 18 months , he again borrowed the same money at a Simple Interest of 24% per annum. In both the cases, he paid Rs.4704. Which of the following could be the amount that was borrowed by Hari in each case if interest is paid half yearly?a)4000b)3000c)4400d)4200e)None of the AboveCorrect answer is option 'D'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Hari borrowed some money for one year at 6% per annum simple interest and after 18 months , he again borrowed the same money at a Simple Interest of 24% per annum. In both the cases, he paid Rs.4704. Which of the following could be the amount that was borrowed by Hari in each case if interest is paid half yearly?a)4000b)3000c)4400d)4200e)None of the AboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Hari borrowed some money for one year at 6% per annum simple interest and after 18 months , he again borrowed the same money at a Simple Interest of 24% per annum. In both the cases, he paid Rs.4704. Which of the following could be the amount that was borrowed by Hari in each case if interest is paid half yearly?a)4000b)3000c)4400d)4200e)None of the AboveCorrect answer is option 'D'. Can you explain this answer?.
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