Practice mode Simple Interest

Rs. 8,000 is lent at simple interest at 5% per annum for the first 2 years, 7% per annum for the next 3 years and 9% per annum after that. What is the total interest at the end of 6 years?

Correct answer A. Rs. 3,200

Explanation

SI = 8000 × (5×2 + 7×3 + 9×1) / 100 = 8000 × 40 / 100 = Rs. 3,200.

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