[Clerk (Morning) Dec, 2021]

1. A person lent out some money at 6% per annum on simple interest and after 18 months, he again lent out the same money at a simple interest of 24% per annum. After two years from first lending, in both the cases, he got ₹ 4704. Find the amount that was lent out.

1. 3600

2. 4000

3. 4200

4. 4400

Correct Answer :

4200