Question
The rate of interest on a sum of money is 4% per annum for the first 2 years, 6% per annum for the next 4 years and 8% per annum for the period beyond 6 years. If the simple interest accrued by the sum for the total period of 9 years is Rs 1120. What is the sum?
Answer: Option C
- Sum = I x 100 R1 x T1 + R2 x T2 + R3 x T3 =
1120 x 100 4 x 2 + 6 x 4 + 8 x 3
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- Sum = I x 100 R1 x T1 + R2 x T2 + R3 x T3 =
1120 x 100 4 x 2 + 6 x 4 + 8 x 3
Was this answer helpful ?
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