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Harshita lent out some money at 6% Simple Interest per annum. After one year, Rs.6800 is repaid and the rest of the amount is repaid at 5% per annum. If the second year’s interest is 11/20 of the first year’s interest, find what amount of money was lent out.
18500
10080
17000
18000
P – amount lent by Harshita I=.06*P —(i) The interest for second year as X=(P+I-6800).05 —(ii) x=(11/20)I —(iii) Put (i) in (ii) and (iii) P = 17,000
By: Pranav Gupta ProfileResourcesReport error
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