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Q.

Soobin lent Rs 20,000 to one of his friends. On the first 10000 rupees, he charged an interest of 10% per annum and on the remaining amount of 20% per annum. In two years, how much interest does Soobin get?

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a

Rs 4000

b

Rs 6000

c

Rs 12000

d

Rs 16000

answer is B.

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Detailed Solution

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Given, Principal amount P = Rs 20000

For first Rs. 10000

Time period T = 2 years

Rate of interest R = 10% p.a.

Simple interest = P × R × T100

SI = 10000 × 2 × 10 100

SI = Rs 2000

Rest of the amount lent = Rs 20000 − Rs 10000 

                                           = Rs 10000

Rate of interest = 20 % p.a.

Time period = 2 years

Simple interest = P × R × T100

SI = 10000 × 2 × 20 100

SI = Rs 4000

Total interest earned = Rs 2000 + Rs 4000 

                                      = Rs 6000

Hence, the correct answer is Rs 6000.

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